The latest second quarter earnings of listed companies performed well , pulled up a strong rise in U.S. stocks , U.S. stocks follow gold up 22 . Domestic gold rebounded across the board 23 , Au1012 , opening the contract to go , even though prices have failed to break through the 10 moving average resistance, but the decline stopped outside the plate to help stabilize the high point of gold rose to a week . European banks stress test results will be announced early morning Beijing time on the 24th . Stress tests of banks is equivalent to the EU (European Union) 65% of the total scale of the banking industry . In recent days , banks and national regulatory agencies have given enough hints that almost all the participating banks will be tested by pressure . If the results of stress tests banks to restore confidence to the market , base metals and other cyclical metal will be produced on a more positive impact is more negative for gold , so gold could also be under pressure next .

Spot gold Friday ( July 23 ) continuation of the previous trading day Asian city midday rally , rise further to 1,195 dollars. As the latest U.S. second -quarter earnings of listed companies performed well , pulled up a strong rise in U.S. stocks , U.S. stocks rose overnight following the gold price . Domestically, Shanghai gold 23 rebound, main Au1012 contract Tiaokonggaokai , with early station 5, MA , and maintained at 261 yuan on consolidation . Spot gold hit after midday as 1,195 U.S. dollars, the benchmark contract on the impulse rapidly to a week highs, but failed to break 10, the effective average . Slightly less volume than the previous day all day , 1,776 positions to reduce hand .

As widely expected the majority of euro area banks bank passed the stress test in Europe this week, capped gains . However, the overnight release of the euro zone in July surprising degree of recovery in the private sector , put out some of the slowdown in economic growth and economic concerns into a second recession , stock markets and commodity markets rose significantly. Indeed, the economic upturn in Europe has changed the mentality of investors , while the outstanding performance of U.S. companies report to create a more positive economic outlook , which provides support for the gold .