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Gold prices fell on Tuesday as the market saw a quieter after a breathtaking rise over three days reached out to 1332 dollars per ounce and after the stability of the dollar .

But the precious metal is still hovering around its highest level in three and a half months in light of the continued concerns over global economic growth .

Gold rose 2.9 percent in three consecutive sessions after weak economic data from the United States has raised doubts about the pace of reduction of monetary stimulus the U.S. .

The market is waiting for more signals from the Federal Reserve ( the U.S. central bank ) on Wednesday, while Bank publishes the minutes of its last meeting .

Gold fell 0.4 percent to 1322.66 dollars an ounce by the time 1919 GMT, after touching its highest level since 31 October at 1332.10 dollars.

And rose gold futures settled at U.S. $ 5.80 to U.S. $ 1324.40 an ounce .

Silver fell 1.0 percent to 21.86 dollars an ounce after rising to their highest level since early November at 21.96 dollars in the previous session .

Platinum fell 0.3 percent to 1420 dollars per ounce and palladium fell 0.8 percent to 732.60 dollars an ounce

Gold prices rose strongly during last week elapsed to close at $ 1318 /OZ up to the highest level in three months.

And achieved gold gains, which amounted to a strong increase of 4.1% over the past week, amid strong trading returned to the yellow metal luster, after a period of decline witnessed during the past few months.

The Director of Sales Middle East in the company «Active Trides» British, George Alaptrona said that «These rises come in light of a number of economic and technical factors, led to the accelerated pace of rising gold last week».

The most important factor during the past week was directed managed funds electronically, or what is known as (ETFs), to increase the size of its assets from gold, which gave the market a positive signal for the return of procurement processes to metals markets , He add

The largest portfolios managed electronically and gold-backed «SPDR», has seen a rise in the assets of gold last Thursday, to reach 25.925 million ounces, an increase of 0.9% from Wednesday, which gave a clear positive signal for the gold markets.

Other factors that have influenced the price of gold last week, the storm weather experienced by the United States, with concerns that affect the performance of the U.S. economy, to push the market to go to the safe haven of traditional goal of gold; addition, the weakness of the U.S. dollar, which was in turn, cause elevations in gold, what is known of the inverse relationship between gold and the dollar

The dollar was witnessed strong declines during the week elapsed against a basket of major foreign currencies , the dollar index to fall by 0.8 % during the week, to close at 80.15 , the lowest level since the beginning of this year .

Go for gold as a safe haven traditional actually began some time ago with the development of the crisis in emerging countries , but come the storm weather in the United States to add more concerns about the U.S. economy and could cause its repercussions on the global economy , to find investors gold means safer to maintain their wealth » . He pointed to the existence of technical factors played an important role in the rise of gold over the past period , pointing out that « the chart for gold prices form a model technically known as a head and shoulders bottom , which is a form of art reflective comes at the end of a downward trend , and this has made the break below 1267 dollars per ounce as a confirmation of this model, after seeing a gold rush with a strong focus heights acquisitions who rely on technical analysis in their trading » .

Exceeded the price of gold Thursday barrier $ 1,300 an ounce , which is considered the most during Thelal months and the first since the beginning of this year amid weak data on retail sales and U.S. pressure on the dollar , which pushed to increase the demand for the precious metal again as a tool to hedge against inflation and currency fluctuations .

The dollar index – which measures the value of the U.S. currency against a basket of six major currencies – 0.5 percent after U.S. retail sales posted an unexpected drop in January, and the number of new applications for unemployment benefits last week in the latest signs of slowing economic growth .

Raised U.S. economic data recently – including the two-month consecutive growth weak jobs – raised questions about the ability of the largest economy in the world to continue to grow and have made some investors are hoping to take on the Federal Reserve (Fed ) approach is slower in reducing its purchases of bonds.

Said Adam Sarhan , CEO of Sarhan Capital, based in New York, ” the basic idea that central banks are slowing the availability of quantitative enhance the attractiveness of gold as a hedge against inflation and currency alternative . ”

He added: ” Gold may begin a new upward trend . ”

The price of gold rose for immediate sale to 1302.40 dollars an ounce , its highest level since the eighth of November.

And U.S. futures rose gold for April delivery to a record of $ 7.30 in late afternoon trading to $ 1302.30

Among other precious metals followed the example of gold and silver rallied 1.1 percent to 20.48 dollars an ounce .

Platinum rose 0.8 percent to 1412.00 dollars an ounce, while palladium rose 0.7 Palmihala 729.00 dollars per ounce

Gold fell from its highest level in nearly three months on Tuesday after renewed Janet Yellen new president of the Federal Reserve ‘s commitment to the U.S. central bank to ease its policy of gradual monetary stimulus that support markets .

In excerpts of the testimony will be making them later in front of the Financial Services Committee, U.S. House of Representatives said it softens strongly supports the current strategy of monetary policy , suggesting that the central bank will proceed with a gradual reduction of its purchases of assets .

The data series disappointing U.S. has sparked speculation that the Fed may be reluctant to further reduction of monetary stimulus , which gave strong support to gold to keep interest rates at historic low levels while fueling inflation fears .

That helped gold climb earlier on Tuesday to 1288.20 dollars per ounce , its highest level since mid-November .

The decline in the price of the yellow metal for immediate sale to 1279.60 dollars an ounce by 1430 GMT , but remains up 0.4 percent from the previous closing level .

The futures rose U.S. gold for February delivery $ 5.20 to 1279.90 dollars an ounce after it was jumped earlier to U.S. $ 1288.30 .

Gold prices rallied 6.5 percent since the beginning of the year after it was plunged about 28 percent in 2013 with the hit stock markets of some mixed economic data in the United States and unrest in emerging markets .

The decline in the price of silver in online transactions 0.3 percent to $ 20 per ounce of gold Havea footsteps . Platinum rose 0.1 percent to 1382.25 dollars an ounce , while palladium rose 0.4 percent to 717.47 dollars an ounce