Monday, April 18, 2011

S&P moves us outlook to negative, gold hits new record.

Standard & Poor’s on Monday downgraded the outlook for the United States to negative, as the risk of U.S. Indecision to reach an agreement on the country's financial future Continues.
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.

On Monday the Dow Jones tumbled more than 200 points and the dollar fell broadly on news of the word, and gold reached a new record price of $1,496 an ounce.

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