U.S. downgrade could mean gold spike

With a U.S. credit rating downgrade likely, a spike in gold investment – and prices – may be around the corner, reports ft.com.

By Staff | January 17, 2013 | Last updated on January 17, 2013
1 min read

With a U.S. credit rating downgrade likely, a spike in gold investment – and prices – may be around the corner, reports ft.com.

“Thomson Reuters GFMS, which produces benchmark supply and demand statistics for the gold market, acknowledged that some investors had become disillusioned with the precious metal’s recent performance but predicted a turnround in fortunes,” the report notes.

Read more here.

Also read:

Gold miners look to promising 2013

Global investors reject gold

Gold falters as U.S. recovers

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The staff of Advisor.ca have been covering news for financial advisors since 1998.

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