Gold prices rise after the release of negative US data
Rising price of gold after the release of weak data from the United States, which was supposed to support the US dollar in trading during the day, and on top of this data of industrial production for the month of March, a solution where he scored the same as the previous monthly decline after it was expected to Rtf significantly, than to the price of gold to rise by about $ 10 per ounce and recorded daily highs at $ 1237.5 per ounce amid falling global stock index, which witnessed profit taking in the last weekly meeting her.
According to the daily analysis experts have pointed out that gold has seen profit-taking in recent sessions and any rise to above $ 1240 will restore the positive trend towards the end of this week.
Gold futures rose during the European session
According to the classification Comex New York Mercantile Exchange, gold futures trading in June at USD1231.70 a troy ounce at time of writing, up 0.42%.
It earlier traded at an altitude of USD1233.50 an ounce session. Gold may find support at USD1225.40 and resistance at USD1264.60.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.17% to trade him to USD94.78.
At the same time on the Comex, silver for May rose 0.41% to trade at USD16.240 a troy ounce, while the price of copper fell for the month of May rose 0.74% to trade at USD2.155 a pound.
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