investing in gold : Gold prices rose during trading on Monday as turmoil in the stock markets in China boosted demand for safe-haven assets.
And the Shanghai Stock Exchange index fell by 5.3% and the Shenzhen index fell 6.6% Chinese shares also Stock Exchange index fell by 5%, in spite of efforts by Beijing's efforts to achieve stability in the market.
Last week, the Shanghai Composite Index all its gains in 2015, to decline by 10% in five days.
On the Comex division of the New York Mercantile Exchange, gold futures rose delivery in February rose 80 cents, or the equivalent of 0.07%, to trade at $ 1.098.70 an ounce at 15:25 am GMT, or 10:25 pm Eastern time, and earlier rose gold to its highest price for the day of $ 1.108.30 per ounce.
On Friday, the price jumped to trade at $ 1.113.10 per ounce, the highest price for gold November 4 since. The yellow metal rose to $ 34.40, or the equivalent of 3.54%, in the past week, with increased demand for gold as a safe haven after the decline in global equity markets, and concerns about the Chinese economy and the increasing political tensions.
It rose and the US dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.3% to 98.75.
And continued demand for the dollar supported by strong jobs report for the month of December, issued by the United States.
Where the report said {{ecl-227 || US economy added 292 000 jobs}} last month, after Nsphmadlh increase amounted to 252,000 in November, while economists expected to rise by 200,000.
Also settled {{ecl-300 ||}} unemployment rate is at its lowest level in seven and a half years by 5% in December.
The report reinforced expectations that the Federal Reserve may raise interest rates at a faster pace this year. And it makes higher interest rates in the US dollar more attractive to investors looking for returns
Also in the Comex, silver futures rose in March delivery rose 5.7 cents, or the equivalent of 0.41%, to trade at $ 13.97 per ounce during morning trading in London.
Elsewhere in the metals trade, copper futures fell to the lowest price since April 2009 on Monday, with the sharp decline in the Chinese stock markets, which reduced the appetite for the red metal.
Market participants are concerned due to falling stock markets and the contagion that has spread to other parts of the Chinese economy, triggering fears of a decline in demand for copper from China's largest copper consumer in the world.
Last week, copper prices fell 5.4 cents, or equivalent to 5.13%, while the collapse of the stock market in China and the rapid depreciation of the yuan in effect on the morale of investor sentiment.
Asian nation is the largest consumer of copper in the world, and constitute 45% of global consumption.
