News from Spain at the end of the week supported gold

On the last day of the week gold rose after four stable sessions on the weakening dollar and the strengthening of the euro. Euro on Friday strengthened the U.S. dollar and other world currencies following the increase in the prices of government bonds in Spain.
Support the European currency and securities in Spain had the newspaper Financial Times that the European authorities are involved in the development of new economic program the Spanish government, which should be released next week.
According to sources, the newspapers, the parties focused on measures that may be required from Spain's foreign creditors, if Madrid officially turn to them for help. This should provide the opportunity to harmonize these measures in advance.
The government's plan is to focus on structural measures on which long insisted Brussels, not in new spending cuts and tax increases.
Yield on 10-year benchmark government bonds in Spain fell in the course of trading on Friday, up 5.7%.
On Thursday, gold has risen in price to a maximum of 6.5 months after the announcement of the Bank of Japan to expand the program purchase of government bonds.
The sharp rise in prices, which began last week, was caused by the resumption of incentive programs of the European Central Bank and the U.S. Federal Reserve. On Wednesday, they were joined by the Bank of Japan expanded the asset purchase program to 10 trillion yen ($ 127 billion) to 80 trillion yen.
Stocks of gold-ETFs this week rose to a historic high 73.681 million ounces.
Experts link the return to power of gold to last year's absolute record $ 1.920,30 per ounce in the first place with the state of the U.S. economy.