Gold – Reuters reported that gains made by gold shares have pushed the TSX exchange to a 19-month high.
Articles Tagged "S&P"
Nickel – Reuters reported Standard & Poor's Ratings Services affirmed Norilsk Nickel's (LON:MNOD) 'BBB-' long-term corporate credit rating.
Gold – Gold climbed above $1,700 an ounce Monday in the wake of a credit downgrade on the United States by Standard & Poor's, causing a plunge in stocks on the Dow Jones, TSX as well as other international markets.
Silver – The current economic climate in the western hemisphere is reminiscent of the 2008 Crash and the understandable fear that we’re heading into the Great Recession 2.0 has investors seeking safe haven assets. What will happen to silver prices if the current economic crisis spirals into a repeat of 2008?
Since S&P's downgrade of the US on Friday investors have been seeking seeking safety in gold.
The US was issued a a AA+ rating by S&P, down from its top rating of AAA.
Concerns on the status of the global economy have pushed the markets to their steepest drop in more than two years.