gold prices rise reasons

gold prices rise reasons Tuesday 1 August, U.S. consumer confidence report showed that August consumer confidence index fell to 44.5, significantly lower than July's 59.2 points,
Also far lower than economists expected 52.0, setting a new low since April 2009.
2 U.S. data on Tuesday showed the U.S. June S & P/CS20 major cities are not seasonally adjusted monthly rate of house price index rose 1.1%,
Higher for the third consecutive month, down 4.5 percent annual rate; 10 cities are not seasonally adjusted monthly rate of house price index rose 1.1%, down 3.8% annual rate.
3 International Monetary Fund (IMF) has U.S. economic growth this year is expected to sharply cut to 1.6% two months ago, is expected to have 2.5%.
While the 2012 growth forecast down from 2.7% to 2%. IMF will also eurozone economic growth forecast for 2011 down from 2.0% to 1.9% in 2012 from 1.7 percent economic growth forecast cut to 1.4%. The IMF will publish in September 20 under a global economic outlook.
4 30 S & P rating agency released a report warning that the European economy a significant increase in risk of second bottom.
The report, entitled "Europe's economic growth slowed to increase the risk of second bottom," the report said, a significant increase in European economic downside risk,
S & P will pay close attention to consumer demand for the next few months the trend of the European quarter.
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