Gold gains on expectations of disappointing U.S. numbers, Eurozone fears

Futures for gold were growing in the early U.S. trading session, as both expected disappointing U.S. economic data and Eurozone fears triggered the demand for the precious metal. On the NYMEX, August delivery futures were traded at USD1626.25 per troy ounce, adding 0.41% during the early trade. Support was prone to be at USD1583.05, while resistance could be at USD1628.95.