FX.co ★ Gold review for 11/06/2010

Gold futures rose on Friday, as investors avoided risky assets and came back to moderate purchases of this metal, which is considered a safe-haven asset, amid of the US disappointing data.
August gold futures quotations increased by $8, or by 0.7%, to $1230.30/ounce according to the session’s results.
The shares suffered difficulties, the euro fell and the US treasury bonds prices, another safe-haven asset, went up after the US Commerce Department had announced about the wholesales decrease by 1.2% in May, while economists were waiting for their growth by 0.2%.
Sometimes gold is considered more safe asset than other investment instruments, such as shares and some currencies because it keeps its value better in the periods за economic and political instability.
Gold price growth renewed after the fall during two sessions because of that the economic data and official comments sustained the optimism increase regarding the US, European and Chinese economy.