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Gold prices rose for a third day in a row with the support of poor economic data and continuing global geopolitical tension.

Gold prices recorded in early trading levels of $ 1315.62 an ounce buckling that achieved the highest at $ 1316.52 and the price compared to open today at $ 1311.93 per ounce.

US data came in a manner worse than expected, with retail sales index was unchanged after five months of continuous growth, which brought investors to think about the movements of the Fed with diminished speculation that tends to raise interest rates in early.

In any case, global central banks resumed again to adopt expansionary policies and in light of the mixed economic activities, the Bank of England announced yesterday that he is not in a hurry to raise interest rates, while the European Central Bank to adopt expansionary policies to support the growth of deep zone.

Geopolitical tensions still support higher gold prices hovering around levels of $ 1,300 an ounce, in light of the weakness of the actual demand for the precious yellow metal from China and India, especially as the latter continues to impose high customs tax on imports of gold.

For the situation in the Middle East, where the two sides agreed on the Palestinian and Israeli D new truce for five days, as announced at the Kiev acceptance of humanitarian aid, but a Russian trap that the Red Cross distributed within conflict zones.

The dollar index rose to the highest level since September 2013, recording 81.75 in light of the weakness of the euro after it fell as a result of the continued negative data, which was most recently a contraction of the German economy worse than expected in the second quarter.

Today await the announcement of the weekly jobless claims from the United States at 12:30 GMT.

Gold prices have become subject to fading geopolitical tensions, which undermines the safe-haven demand for the precious metal.

Precious metals continue to search for the direction of the center is used by traders assess the possibility of renewed regional tensions. Ambiguity surrounding the status quo in Eastern Europe would strengthen some safe-haven demand for gold in the near term. However, that any potential expiration of the storm will make the precious metals are prone to test correct in light of the merchants out of the sites that have been entered as a result of fear.

It is possible to provide in-depth reading of the US retail sales is some evidence of directional went through their effects on the dollar. Despite the recent improvement of the American data, did not become the policy of the Federal Reserve forecasts are more optimistic. It is possible to leave this matter to the Green lacks the catalyst necessary to maintain the progress and push gold to breathe a sigh of relief.

Technical Analysis for gold-price movements continue unclear tighten its control over the gold after a failed attempt to breach the ceiling 1319. The decline of Fib 61.8% based upon 1319 led to constitute a pattern Shehab. However, she could not signal reflection cohesion in order to warn of the possibility of the emergence of a marked correction at this stage. This will pave the penetration level in 1300 down the road for the emergence of an extended decline towards 1280.

Gold prices traded within a narrow range in early trading and traded below the highest level in three weeks, in light of concerns about the decline in geopolitical tensions in the Middle East and Ukraine, while the weakness of the actual demand does not support the gold markets yet

American investors awaited data later in the day. Gold prices recorded levels of $ 1308.02 an ounce after an hour of writing transactions that began today at $ 1308.15 per ounce.

Gold prices rose on Friday to the highest level in three weeks at $ 1,322.53 per ounce after the United States agreed to military strikes on areas under the control of an Islamic state in Iraq. Declining concerns about geopolitical tensions after negotiations resumed between the Palestinian resistance and the Israeli occupation army and extending the truce period after Gaza was subjected to brutal bombing of the Israeli army killed hundreds. As for Ukraine announced that it is approaching the end of its military operation around the city of Donetsk in eastern Ukraine after they surrounded the separatists in that city, while impeding the entry of Russian humanitarian aid to areas under the control of insurgents.

Demand is still weak in the gold markets so still swings around levels of $ 1,300 with the support of international political tension. Gold has risen since the beginning of this year by about 8% since the beginning of this year, and even now with the support of the global political tension and trimming of the drop experienced in 2013 after losing a third of its value in the light of speculation withdraw stimulus from the Fed. Markets are looking forward to today’s announcement of retail sales in the United States during the month of July amid expectations that achieved growth for the sixth month in a row has been recorded level of 0.2%.

US data still reflect the strong pace of growth of the American economy in exchange for negative data from the euro zone, which is located in the favor of the dollar yet. The dollar index record levels near the highest level in five months at 81.63 from the opening level of the day at 81.54.

Gold prices have tended to fall with support from the easing of tension in Ukraine, Russia and Iqbal to end the military exercises in the Astrakhan region bordering Ukraine.

The price of gold has risen by 9% during the current year with the support of the escalation of violence in Ukraine, the Middle East, which contributed to enhance the attractiveness of the metal.

The agency reported that the Bloomberg Gold futures for December delivery fell 0.2 percent to 1,308.80 dollars an ounce in mid-session at the Comex in New York Stock Exchange.

There has been a Gold prices little changed on Monday, after the payment of a global stock rally and easing of tension appeared in the Ukraine and the Middle East investors to profit from the gold above $ 1,300 an ounce.

The stock markets shrugged off the news to a large extent that Russia will send an aid convoy to the east of Ukraine in a move that Western officials said it may “be an excuse for a Russian invasion.” Shares of American continue to climb after the short-term correction ended on Friday.

The decline in the price of gold in online transactions 44 cents to 1308.90 dollars per ounce. The metal hit its highest level in three weeks on Friday, when it reached 1322.60 dollars. The price of gold fell in futures contracts American delivery December (December) 50 cents to settle at 1310.50 dollars an ounce.

Traders said “a new truce in the Gaza Strip, a 72-hour between Israel and the Palestinians also contributed to the popularity of selling it for a profit.” But gold remained limited losses after the planes and warships continued American bombing Islamist fighters (Daash) t in Iraq.

The spot price rose for silver, recording 0.7 per cent to $ 20.05 an ounce. Platinum was down 0.5 per cent to 1464.56 dollars, while palladium rose 1.7 per cent to 873 dollars an ounce.