Friday, April 30, 2010

Moody's Downgrade Nine Grecian Banks

In the middle of a Marketwatch gold report, this item appeared:
On Friday, rating agency Moody's Investors Service downgraded the bank financial strength rates and deposit and debt ratings of nine Greek banks.

Those downgrades evidently had their effect on the gold market, upward. As of the time of this post, gold's still above $1,180.

No comments:

Post a Comment