Gold is going up against the backdrop of statistical data in the U.S. and the depreciation of the dollar against world currencies.
The mood of investors on Friday, influenced by a number of ambiguous statistical data from the U.S.. Thus, according to the Ministry of Commerce, U.S. GDP in real terms grew by 2.2% in January-March 2012 compared to 3% in the last quarter of last year. Analysts had expected growth rate of 2.5%.
At the same time, the index of consumer sentiment, University of Michigan in April of this year, according to the final evaluation, rose to 76.4 points from 76.2 points in March. In this initial assessment was 75.7 points in April, but analysts speculated that the figure in the final version will be 75.9 points.
Demand for precious metals on Friday, and supports a weak dollar. The dollar to a basket of six currencies of countries - major U.S. trading partners fell by 0.48% - up 78.78 points.
In addition, investors are investing in gold as a safe asset after the news from Europe, where the international rating agency Standard & Poor's downgraded the sovereign credit ratings of Spain to 'BBB +' from 'A', which reinforced investors' concerns over the situation in the country's economy.
The cost of the June gold futures on COMEX has risen now to $ 1668.40 an ounce.
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