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Gold, silver, copper weekly report from February 16 to 20...
15 february 2015

Gold rose during Friday's trading session, while the weakness of the US dollar strengthened on a large scale and with continuing uncertainty about the developments in Greece, the attractiveness of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold delivery rose in April by 6.40 Miadelo or 0.52%, to close at $ 1,227.10 an ounce at the close of trade on Friday.

Was likely to find support at $ 1,216.50 per ounce, the lowest price since February 11 and resistance at $ 1,245.90 per ounce, the highest price since February 10.

The dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 0.06% to hit 94.24 on Friday evening until the end of the week by 0.5%.

Usually Maystvid gold from the weak dollar, it also enhances the metal's appeal as an alternative asset and makes commodities priced cheaper for holders of other currencies to the dollar.

The decline in the dollar after data showed on Friday that consumer confidence in the United States unexpectedly Trajataat in February / February

Fell preliminary reading of the index of consumers in the state of Michigan confidence, to 93.6, down from a final reading in January 98.1. Economists had expected the index remains unchanged.

The report came a day after data showing that US retail sales unexpectedly fell 0.8% last month after a decline of 0.9% in December, indicating that consumer spending remains slow in the beginning of the year.

This weak data prompted investors to reduce dollar-buying ahead of the weekend for three days.

At the same time, is scheduled to hold officials from Greece and the European Union new talks on Monday after talks on the new debt agreement, which ended last week without an agreement.

It is scheduled to be the date of the Greek debt deal ends amounting to 240 billion euros in February 28 as the new Greek government does not want an extension, raising fears of conflict with its creditors, which may lead to the country's exit from the euro zone.

Despite the modest gains on Friday, gold fell 8.80 cents, or equivalent to 0.61%, a week, a third consecutive weekly decline.

Recorded price of $ 1,216.50 per ounce on Wednesday, the lowest price January 9 since, amid ongoing expectations that the Fed begins to raise interest rates as early as June / June

And affect higher borrowing rates on gold outlook is negative and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when prices rise.

Elsewhere in COMEX silver March / March delivery rose 50.0 cents, or equivalent to 2.98%, on Friday to settle at $ 17.29 an ounce at the close of trade. Earlier in the day, Oalasar amounted to $ 17.43 per ounce, its highest February 5 since.

For the week, silver futures for March / March delivery prices rose 51.0 cents, or equivalent to 3.59, the first weekly gain in three weeks.

At the same time, copper March / March delivery rose 0.3 cents, or equivalent to 0.12% on Friday to close at $ 2.605 a pound at the close of trade, while promoting economic data from Europe's hopes of an increase in demand for the red metal.

Data on Friday showed that the German economy, the largest euro area rose by 0.7% in the fourth quarter, more than double economists' expectations of 0.3%.

The economy grew in the euro zone more than expected by 0.3% in the three months to December, while the Greek economy shrank by 0.2% in the same period.

Europe is considered as a region is the third in the global demand for the industrial metal. Copper is more sensitive to expectations of economic growth due to the widespread use across industries.

For the week, the Comex copper rose 2.6 cents, or equivalent to 0.73%, the second consecutive weekly gains.

Next week, the focus for investors will be minutes on Wednesday from the latest meeting of the Federal Reserve Board for further indications on when the central bank might begin to raise interest rates.

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Gold, silver, copper weekly report from February 16 to 20...

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