Gold’s Safe Haven Status Confirmed As "Risk Free" Status Of US Sovereign Debt Questioned

Submitted by Tyler Durden
04/19/2011 06:57 -0400
51 comments

Submitted by GoldCore

Gold’s Safe Haven Status Confirmed as "Risk Free" Status of US Sovereign Debt Questioned

Gold and silver closed higher yesterday (+0.45% and +0.65%) after S&P, somewhat belatedly, cut its outlook for the US from stable to negative. While the move seemed to surprise some, many market participants have been warning that this was inevitable for some time.


Gold in US Dollars: 3-Day (Tick)

Despite somewhat sensationalist reporting, gold did not surge, nor did equities “plummetâ€