Saturday, July 30, 2011

Caused by the rise of gold and the proximity of 1635 of $

Caused by the rise of gold and the proximity of 1635 of $

Gold rose to a new record to coincide with the release of negative data from the United States according to the pace of decline in GDP growth to 1.3% on an annual basis during the second quarter and less than analyst expectations at 1.8%.
Where futures rose August / August traded on the Comex in New York to the level of U.S. $ 1634.9, the highest points at all before that reduce the level rises slightly to U.S. $ 1631.3 in about five o'clock and eighteen minutes pm GMT.
And they read the GDP the U.S. during the first quarter ended March / March has seen an amendment to reduce the growth rate during that to only 0.4% from 1.9%, which is reminiscent of talk again about slowing economic recovery and launch the quantitative one in the light of the high and clear rates of unemployment, which is still above the level of 9%.
It also comes high gold amid worries prevail in markets from the crisis of the debt ceiling U.S. which is still deadlock enveloping move between Republicans and Democrats, at a time in which it proclaimed, "Moody's" on the status of classification of Spain on review for possible downgrade a few hours before the announcement came in the words of its President and Minister "Zapatero" and called for early elections because of political instability that accompanied the activation of austerity plans.

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