gold prices European bonds, pushing up U.S. bond rally suspicions

Recent debt crisis intensified in Europe, although the Greek parliament in early July through austerity case, at 120 million euros in relief loans, but the euro zone's debt crisis is a sustained manner. The next market focus to Spain and Italy, two countries debt default swaps (CDS) levels increased, while Portugal and Ireland also has public debt credit rating by Moody's lowered to junk bond level, the impact of the global stock market performance, but also affects global investors nervous, so demand for hedge funds to upgrade the. In addition, the U.S. may start the second half of QE3, has become a trend to promote the power of gold.