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Gold, silver, copper weekly report from February 9 to 13

Gold fell sharply on Friday, where the United States has fueled strong upbeat data on non-farm payrolls strength of the economy, which reinforced expectations that the Fed will raise interest rates sooner than expected.

On the Comex division of the New York Mercantile Exchange, gold fell delivery in April at 10.28 or the equivalent of 2.23%, to close at $ 1,234.60 an ounce at the close of trade on Friday.

Recorded price of $ 1,228.60 per ounce, the lowest price since January 15 earlier, the week, the decline in gold, equivalent to 44.60 cents, or 3.49%, which is the second weekly decline in a row.

Was likely to find support at $ 1,226.10 per ounce, the lowest price since January 15 and resistance at $ 1,269.00 per ounce higher price February 6 since.

Also in the Comex, silver March delivery fell 50.2 cents, or equivalent to 2.92%, on Friday to settle at $ 16.69 per ounce, at the close of trade. Earlier in the day, reaching prices of $ 16.54 per ounce, a level not seen in silver since January 12.

For the week, the futures fell to Silver March delivery increased by 46.0 cents, or equivalent to 2.99%, the second consecutive weekly loss.

The Labor Department reported that the US economy added 257 000 jobs in January, much more than the expectations that have been waiting 234 000 function, was revised figure in December for up to 329 000 jobs from an earlier high of 252 000.

The unemployment rate rose slightly to 5.7% last month from 5.6% in December, while the percentage of dues in time and rose posts in January / January

He said the strong jobs report optimistic enough signal that Fed is on the right track to raise the near-zero interest rates early in the month of June / June

The expectations of higher borrowing rates have a negative impact on gold, as the precious metal is struggling to compete with higher-yielding assets when prices rise.

The dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 1.26% to hit 94.84.

Usually Miather high US dollar on gold, because it dampens the metal attractive as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

At the same time, the euro came under selling pressure, with continued concerns over the Greek debt negotiations in effect on market sentiment.

And lowered the ratings agency Standard & Poor's credit rating on Greece to (b) of the minus (b) late Friday, a one degree above the default limit, and kept a "negative" outlook, citing the possibility of further reductions of the categories for Greece.

Elsewhere in metals trading, declining copper contracts fell in March delivery rose 0.9 cents, or 0.37%, on Friday to close at $ 2.585 a pound at the close of trade, while the impact of the US dollar rise broadly stronger.

Although light losses on Friday, copper rose by COMEX or the equivalent of 3.69%, in the week, the first weekly gain in five weeks, after the central bank cut reserve ratios in China, in a bid to boost lending and stimulate economic activity.

Over the weekend, China posted a trade surplus of $ 60 billion in January, compared with expectations of $ 48.9 billion, from a surplus of 49.6 billion dollars in December / December

Exports fell 3.3% from a year earlier last month, contrary to expectations for an increase of 6.3%, while imports fell by 19.9%, far worse than expected to decline by 3.0%.

Asian nation is the largest consumer of copper in the world, and formed 40% of global consumption last year.

During the week, investors awaited, the release of US data on Thursday on retail sales and unemployment claims in addition to Friday's report on consumer confidence, in search of other indicators on the strength of the economic recovery.