Gold over $ 1600 an ounce with the expectations of facilitating cash

Gold prices gained momentum on Tuesday, surpassing the $ 1600 an ounce with a high morale in general, as weak economic data raised expectations that major central banks to take further measures to stimulate growth facilitation.

His rise and rise in the gold markets in general have also increased as global stock prices.

The manufacturing sector contracted by the U.S. in June for the first time in nearly three years after a group of weak data from Europe and Asia have shown that the euro zone debt crisis affecting the global economy.

May lead the European Central Bank monetary easing in the front under the high expectations that lower interest rates to record low in later this week. And promoted a series of weak data opportunities for further monetary stimulus in the United States.

And rose gold Spot 0.7 percent from the previous close to 1608.39 USD/Troy an ounce by 0959 GMT, while futures rose gold in the United States for August delivery also about 0.7 percent to 1609.40 dollars.

And increased spot price of silver to 27.90 dollars tracing gold gains. Platinum rose to 1467 dollars, while palladium rose to 586.75 dollars an ounce.