| 07.12.2011 - Gold rises on S&P credit downgrade warning |
| Gold rose on Tuesday, reversing initial losses after Standard & Poor's threatened to downgrade the entire euro zone including the region's core economies and its financial rescue fund. Bullion climbed as investors covered bearish positions following the previous session's sharp losses. The precious metal, which has recently followed the equity markets, was also supported by U.S. stocks which turned higher late in the session..............................................Full Article: Source |