Rise in gold prices and a positive outlook with the price of the ounce at $ 1600

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

And the owner of the rise of gold high in the markets in general terms also increased global equity prices, and shrinking manufacturing sector 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 debt crisis of the euro area affect 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.