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S&P Moves US Outlook To Negative, Gold Hits New Record

Posted By admin On April 18, 2011 @ 6:57 am In Featured Stories,Money Watch | Comments Disabled

CNBC [1]
Monday, April 18, 2011

Standard & Poor’s on Monday downgraded the outlook for the United States to negative, saying it believes there’s a risk U.S. policymakers may not reach agreement on how to address the country’s long-term fiscal pressures.

The S&P said the move signals there’s at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.

The U.S. dollar fell broadly [2] on word of the revision. Gold prices, meanwhile, hit a new record above $1,496 an ounce [3].

Full story here. [1]

S&P Moves US Outlook To Negative, Gold Hits New Record 250111banner3 [4]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/42643384

[2] U.S. dollar fell broadly: http://www.cnbc.com/id/42638558/

[3] hit a new record above $1,496 an ounce: http://www.cnbc.com/id/42638560/

[4] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM128/PR

[5] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[6] Gold sets a new record; silver hits 30yr high: http://www.prisonplanet.com/gold-sets-a-new-record-silver-hits-30yr-high.html

[7] Gold Is Likely to Continue Its Climb; Hits Record Near $1120: http://www.prisonplanet.com/gold-is-likely-to-continue-its-climb-hits-record-near-1120.html

[8] Gold hits new record high on dollar weakness: http://www.prisonplanet.com/gold-hits-new-record-high-on-dollar-weakness.html

[9] Gold Climbs to Record as Dollar, Inflation Outlook Spur Demand: http://www.prisonplanet.com/gold-hits-record-high-close-to-1064.html

[10] Gold Jumps to Record as Inflation Outlook Fuels Investor Demand: http://www.prisonplanet.com/gold-jumps-to-record-as-inflation-outlook-fuels-investor-demand.html

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