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.

U.S.markets fall on 30/7/2011

U.S.markets fall on 30/7/2011
U.S. indices ended the day down amid concern the inability of lawmakers, Republicans and Democrats to reach agreement on the debt ceiling and the budget deficit.
This index has declined, "Dow Jones" industrial 96 points, or 0.8% down to the level of 12 143 points, while he lost 4.2% this week, which remains the worst in him almost a year, while losing 2.2% during the month of July as a whole.
The index "S & P 500" in the broader U.S. market fell by 0.65% to 1292 points by the end of trading, to be so lost 3.9% in the week, the worst in him, too, have lost 2.2% during the current month.
The data today, Statistics from the Ministry of Commerce has revealed a slowdown in U.S. economic growth to 1.3% in the second quarter compared with the reading of which was adjusted downward to 0.4% from 1.9% in the first quarter, amid growing concern about the decline of the pace of economic recovery and the return of talk about facilitating quantitative third.
It is noteworthy that the average growth rate during the past two years amounted to 2.5% of U.S. gross domestic product which is not quite enough to cut unemployment by more than 9%.
The data were monthly survey conducted by the University of Michigan and the agency "Reuters" has revealed U.S. consumer confidence fell to its lowest level in two years during July.
Recorded reading confidence index recorded a decline to the level of 63.7 points from 71.5 points in June, and also less than the initial reading of the index in the month of July at 63.8 points, while the projections indicate a slight rise at 64 points.
The European shares have recorded the largest loss Ospoabh since March / March vulnerable to U.S. data negative, and the possibilities that are still expanding the sovereign debt crisis in the euro area, where it was put, "Moody's" Category Spain on review for possible downgrade, in the time when the Prime Minister, "Zapatero" today during a press conference after the early elections continue to put pressure on his government austerity plans as a result of their application in order to reduce the budget deficit.
The index ended the "pan-FTSE-300" the day down 0.4% to the level of 1084 points, while he lost 2.7% during the entire week.
The index of the "FTSE" British has fallen 1% at the end of trading Friday, while the lost "CAC" French 1.07%, and the retreat, "DAX" the German by 0.44%.
The day saw a gold standard to achieve a new record of $ 1637.5 in support of the increased demand in conjunction with the achievement of the Swiss franc at a new record in his move against the dollar and the euro and the pound sterling to hedge demand, in addition to the high yen is strong against the dollar for the same reason.