Gold Surges to Record on European, U.S. Debt Concerns

Precious Metals

Bloomberg reported that gold reached another all-time high on concerns over European and US debt.

Bloomberg reported that gold reached another all-time high on concerns over European and US debt.

The market news is quoted as saying:

Gold reached an all-time high of $1,489.10 an ounce after Moody’s cut Ireland’s credit rating by two levels to the lowest investment grade, eroding the value of the euro.

To read the full market news, click here.

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