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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]

[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/

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