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SAN SALVADOR, May 11 () -- The International Federation of Association Football (FIFA) on Tuesday suspended El Salvador from all international tournaments, considering the government interferes in issues of the national soccer.    The FIFA gave the Salvadorian government the time till June 8 to recognize the Normalize Commission and its statutes.    As long as the problem is not solved, the suspension will be ratified for at least one year by the FIFA Executive Committee, which will hold its Congress on June 10 in South Africa, sport sources said.    This suspension is foreseen till June 2011, and none of the Salvadorian clubs or national team could participate in regional or international tournaments sponsored by the FIFA.    As this sanction is of immediate effect, the clubs of Mayor League, Second Division and Third Division, will have to hire their own referees, non-affiliated to the FIFA.    In June 2009, the FIFA appointed a Normalization Commission to manage the finance of the Salvadorian Federation of Football (Fesfut), after the resignation of the last president Rodrigo Calvo, however the Ministry of Government of Salvador does not recognize the statutes of the Commission.    Salvadorian Interior Minister Humberto Centeno said the Commission was not the result of the general assembly's will.    The FIFA said the refusal of the Interior Minister is equal to an interference of the government, which is not accepted by the FIFA.
CHICAGO, June 25 () -- Gold futures on the COMEX division of the New York Mercantile Exchange regained momentum on Monday, as renewed worries about the financial situation in Europe drove traders to the safe-haven asset.The most active gold contract for August delivery sharply rose 21.5 U.S. dollars, or 1.37 percent, to settle at 1,588.4 dollars per ounce.After losing 3.8 percent in trading of the previous week, gold was able to recover some of its losses on Monday, but still closed below the crucial 1,600-dollar mark.The precious metal saw renewed safe-haven interest amid disappointing news from Europe, where European Union (EU) leaders are scheduled to meet on Thursday for a policy summit.Monday saw Cyprus become the fifth EU country to seek a bailout, as well as the Spanish government's formal request for 100 billion euros in EU funds for the country's ailing banking sector.Investors seemed skeptical that any substantial progress would come from the EU summit, and the eurozone negativity sent the U.S. stock market and crude oil price down sharply.Gold rallied on safe-haven interest even with the negative force of a higher U.S. dollar, which typically pressures commodities as it makes them more expensive to holders of other currencies.Meanwhile, gold's cheaper price after last week's sharp decline lured back investors on Monday, outweighing the stronger greenback.Silver for July delivery also sharply rose 85.9 cents, or 3.22 percent, to close at 27.520 dollars per ounce.
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