Gold climbs and is heading to record a third weekly losses
The price of gold rose Friday as rising oil prices, which boosted the metal's appeal as a safe haven but he tends to record a third straight weekly losses strongly influenced by the
And left the yellow metal from the 2014 losses amounted to about two percent aftercoming off 28 percent in 2014 with the decline of the investment attractiveness of the center of the performance of the shares, and predicts many analysts difficult year for goldwhere it is expected that the dollar Ahakik further gains support from expectations of higher US interest rates The recovery of the economy.
The increased price of gold in online transactions by 0.3 percent, or 1185.20 dollars an ounce after rising oil prices, the market saw a meager liquidity in trading after the holidaycenter close Chinese and Japanese markets Friday, Brent crude futures in the first Asiantrading for 2015 with support from the lower US crude inventories more than expected last week, but weak Chinese economic data limited the gains.
And finds gold in support of the high oil prices due to consider the precious metal hedgeagainst inflation, led by oil, although the gains achieved by the gold is still down about onepercent since the beginning of the week because of the strength of the dollar, and hit the dollar index, which tracks the greenback's performance against a basket of six currenciesmain highest level in nearly nine years, came out of the index in 2014 the largest annualgain since 1997, supported by strong US data and expectations of higher interest rates.
