spot gold opened at $ 1,529.21 / ounce, hit a high $ 1,534.31

July 7, spot gold opened at $ 1,529.21 / ounce, hit a high $ 1,534.31 / ounce, the lowest dropping to $ 1,523.26 / ounce, closing at $ 1,532.09 / ounce, compared with previous trading day up $ 3.07 / ounce, or 0.20% .

Comex-8-month gold futures opened at $ 1,529.7 / ounce to close at 1532.4 U.S. dollars / ounce, compared with the previous day up 3.4 U.S. dollars / ounce, or 0.22, the highest reach $ 1,534.9 / ounce, the lowest dropping to $ 1,523.2 / oz. .


Fundamentals:
Bank of England on Thursday (7 July) announced that it will keep interest rates unchanged at a record low of 0.5%, the recovery of the UK downturn worries overshadowed the impact of inflation is higher than the target. Bank of England and maintain the quantitative easing 2,000 one hundred million pounds in the same amount. Bank of England Committee to vote 7-2 to keep interest rates unchanged at 0.5% level, in order to maintain the quantitative easing by the scale of 8:1 unchanged.

European Central Bank on Thursday (7 July) announced the increase of interest rates by 25 basis points to 1.50%, to curb a threat to the eurozone purchasing power of the inflationary pressures.

European Central Bank (ECB) President Jean-Claude Trichet (Jean-Claude Trichet) Thursday (July 7) has not issued a clear signal to raise interest rates further and warned that the pace of economic growth in the euro area slowed slightly. Trichet also said the European Central Bank to suspend the minimum credit standards for Portugal, the move to suspend the rating until further notice. And Portugal, the European Central Bank will soon issue a press release of collateral. Greek debt on the recent events of default, Trichet said, to avoid credit events and default status. And calls upon States to make his return to a sustainable public debt path, and structural reforms as soon as possible.

Malaysian statutory deposit reserve ratio by 100 basis points to 4.0%.

U.S. ADP employment growth in June, 15.7 million people, expected growth of 7.0 million. U.S. July 2, the beginning of the week's seasonally adjusted jobless claims-week average 42.475 million. June 25, when the U.S. seasonally adjusted weekly jobless claims up to 368.1 million, expected 3.7 million.

The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of July 6, its only gold positions to maintain the same level of 1,205.81 tons

$ 1,541 per ounce Gold prices

Gold prices, the weekly increase for the largest since November 2009, the U.S. job market slack, suggesting that interest rates will remain at low levels, to enhance the attractiveness of gold as an alternative investment.

Gold futures for August delivery rose 11 cents, or 0.7 percent, closing $ 1,541.60 an ounce, up 4 percent this week, total.

New York Mercantile Exchange, silver for September delivery rose 0.7 cents to close $ 36.548 an ounce. The Zhou Jinyang 8.4% silver, 12 months since the biggest weekly gain.

Palladium for September delivery fell $ 7.60 or 1% ounce to $ 778.95. Palladium prices rose 2.8 percent this week.

Period of platinum for October delivery fell $ 9.60, or 0.6 percent, ounce to $ 1,733.40. Platinum prices rose 1 percent this week.

Weaker copper prices in New York, the biggest decline in nearly two weeks, after U.S. employment increased in June than expected, impairment of economic growth prospects.

New York Mercantile Exchange price of copper for September delivery fell 3 cents, or 0.7 percent, closing $ 4.412 per pound for the trading price of the most active contract since June 27, the largest decline since. Tired this week, copper prices rose 2.5% in the past year or up to 46%.

London Metal Exchange (LME) 3 months after the delivery of copper prices fell 79 cents, or 0.8 percent, reported $ 9,661 per ton ($ 4.38 per pound).

London, zinc, lead, aluminum, nickel and tin prices have fallen