In response to today’s activity in the gold market, David Krein, Dow Jones Indexes’ Senior Director, Product Development & Analytics said “What we’re seeing today with gold is clearly a reaction to yesterday’s credit agency warning that the US must figure out a way to control its deficit. The jump in the price of gold past the $1,500/oz mark is further evidence of the metal’s ‘safe haven’ status as the testy US political environment continues to raise doubts about the country’s ability to resolve its near- and long-term budgetary issues.”
FTSE Mondo Visione Exchanges Index:
Dow Jones Indexes Comments On Gold Price Movement
Date 19/04/2011