Forex Trading :Gold pared its losses on Tuesday as the dollar fell after US data below expectations on retail sales and producer prices but prices remained below $ 1,200 an ounce, with the rise of the stock.
The Commerce Department reported that retail sales increased 0.9 percent, the largest increase since March of last year and comes after falling for three months because of the extremely cold weather. Analysts had predicted in a Reuters poll that retail sales recovered and one percent in the last month.
The Labor Department said that producer prices for final demand index rose 0.2 percent last month and caused the rise in commodity prices in more than half the size of those Zayadh.onzel index 0.5 percent in February, with low profit margins in the services sector, especially fuel and transport activities and the cost of storage plants .
Over the twelve months to March, 0.8 percent in producer prices fell a greater pace of decline on an annual basis since 2009.
By 1346 GMT, the price of gold fell 0.4 percent in spot transactions to $ 1193.36 an ounce after it came down to the lowest level in two weeks at $ 1183.68.
The decline in the price of gold in the gold futures market in the US for June delivery $ 6.50 to $ 1192.90 an ounce.
The dollar index down 0.1 percent after rising in early trade, while the FTSEurofirst 300 index settled for the most important European stock after it rose to its highest level since 2000.
According to statements made by officials of the Federal Reserve Board (Fed) recently that the bank does not rule out raising interest rates in June, despite the skepticism of some analysts in this possibility in a slowing economy again.
And undermines raise US interest rates, who will be the first in about ten years- attractive assets that do not generate interest, such as gold.
Among other precious metals silver fell 0.8 percent to $ 16.17 an ounce.
Platinum fell 1.4 percent to $ 1144.24 an ounce, while palladium down 1.1 percent to $ 759.40 an ounce.
