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Gold Goes Down After Europe Downgrades
Posted on October 11, 2011 | No CommentsOn the news that Fitch Ratings downgraded the credit ratings of Italy and Spain Friday, gold fell $10.80 or 0.7% per troy ounce on the Comex division of the New York Mercantile Exchange to trade at $1642.40. The Wall Street Journal explains that gold slipped into the red after the credit downgrades stoked investor concern over the state of Europe’s...