Economy

xchrom

(108,903 posts)

32. PRECIOUS-Gold eases as Fitch downgrade warning hurts euro

Mon Dec 19, 2011, 09:37 AM

Dec 2011

http://uk.reuters.com/article/2011/12/19/markets-precious-idUKL3E7NJ3MW20111219

LONDON, Dec 19 (Reuters) - Gold prices eased on Monday, extending hefty losses the previous week, as a warning from Fitch Ratings that it may downgrade France and six other euro zone countries hurt the euro and fuelled a dash to the dollar.

Spot gold was down 0.2 percent at $1,595.55 an ounce at 1251 GMT.

The precious metal posted its biggest one-week loss since late September last week, falling to a near 12-week low as concerns over the euro zone debt crisis intensified, boosting the dollar at the expense of other assets.

Investors' shift to the U.S. currency, often seen as a haven from risk, is weighing on dollar-priced gold, which becomes more expensive for holders of other currencies.

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STOCK MARKET WATCH, Monday, December 19, 2011. [View all] Hugin Dec 2011 OP

Reports this week. Hugin Dec 2011 #1

Why The European Debt Crisis Might Actually Be Over... Ghost Dog Dec 2011 #2

Thanks again for the xpost in LBN, Ghost Dog. Hugin Dec 2011 #3

The Eurozone�s policy breakthrough? Ghost Dog Dec 2011 #6

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Would you rather invest in Italy, or in Facebook? (points of view) Ghost Dog Dec 2011 #7

As long as nations borrow from banks, instead of generating their own means of exchange Demeter Dec 2011 #39

I nearly didn't make it this morning due to a local power cut... Ghost Dog Dec 2011 #11

what are they doing? nt xchrom Dec 2011 #12

As much as possible on as little as possible, I guess. Ghost Dog Dec 2011 #47

well damn. so does that involve the local electric company xchrom Dec 2011 #48

At the local council it's hookups, maintenance etc. Ghost Dog Dec 2011 #50

i know you're not in the u.s. -- but i don't know exactly where you are xchrom Dec 2011 #51

Azores or Canaries, I think Demeter Dec 2011 #58

fabulous -- i would love to visit the azores.nt xchrom Dec 2011 #75

Canary Island (when we stop singing, get out of the pit!) Ghost Dog Dec 2011 #85

Eurozone to pursue crisis action, Draghi inscrutable Ghost Dog Dec 2011 #5

or maybe not: IMF Loans Likely To Fall Short Of �200 Expected As UK Pulls Rescue Funding Roland99 Dec 2011 #31

or maybe so! Fed May Inject Over $1 Trillion To Bail Out Europe Roland99 Dec 2011 #34

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See post below for the Ghost of Christmas Yet to Come Demeter Dec 2011 #90

Asian Stocks Drop On EU Concerns, Kim's Death Ghost Dog Dec 2011 #4

Kim died early Saturday morning from fatigue? heart attack? something else??? DemReadingDU Dec 2011 #8

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Was he swimming the Yalu River? rfranklin Dec 2011 #20

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Britain to accept ICB bank reforms in full Ghost Dog Dec 2011 #10

morning xchrom Dec 2011 #13

Morning Demeter Dec 2011 #25

I'm so glad it went well! xchrom Dec 2011 #27

The thing is Demeter Dec 2011 #36

ok -- you know something i don't -- where did fuddnik go? xchrom Dec 2011 #40

See WEE Tansy_Gold Dec 2011 #43

well that makes me very unhappy -- i adore fuddnik. xchrom Dec 2011 #49

Firefox isn't displaying the toon for me DemReadingDU Dec 2011 #46

I was using IE when I posted it and I can see it with Safari. Hugin Dec 2011 #52

Do you have the source website? Demeter Dec 2011 #60

No. Hugin Dec 2011 #65

These are the sites Ozy left us for cartoons Demeter Dec 2011 #92

This one is cute Demeter Dec 2011 #93

And for domestic consumption... Demeter Dec 2011 #94

Are you running adblock or adban? Sometimes the addons are the problem. TalkingDog Dec 2011 #106

yes, both adblock plus and flashblock DemReadingDU Dec 2011 #108

Did you try rightclick, view/refresh image? Sometimes they just don't load. Other than that.... TalkingDog Dec 2011 #109

I just copy the link and browse it in IE, and the image appears DemReadingDU Dec 2011 #110

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When has it ever been anything else? n/t Tansy_Gold Dec 2011 #44

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Hmm, maybe I should start house-hunting again. . . . n/t Tansy_Gold Dec 2011 #22

if i had the money -- i would SO get a place in spain. nt xchrom Dec 2011 #28

You need to choose _where_ in Spain. Ghost Dog Dec 2011 #45

Well, it's been more than 40 years since I was there, but Tansy_Gold Dec 2011 #56

Well, where �300,000 were sought 2 years ago it may be going for �150,000 now... Ghost Dog Dec 2011 #86

Even so, it's still out of the question because I have the dogs Tansy_Gold Dec 2011 #99

Forecast, schmorecast Tansy_Gold Dec 2011 #21

Britain's Mounting Distrust of Germany xchrom Dec 2011 #54

Pretty Grim Cartoon, Hugin Demeter Dec 2011 #23

It's a holiday thing. Hugin Dec 2011 #53

I laugh uproariously during that special, esp. when the commercials come on. Incongruity amuses TalkingDog Dec 2011 #107

Don�t Tax the Rich. Tax Inequality Itself. Demeter Dec 2011 #29

AS WALLY SAYS Demeter Dec 2011 #30

PRECIOUS-Gold eases as Fitch downgrade warning hurts euro xchrom Dec 2011 #32

Asia isn't happy this morning Demeter Dec 2011 #33

Flash in the pan Demeter Dec 2011 #62

Why we flee those crowded aisles xchrom Dec 2011 #35

Not to mention that you can't see, reach or do anything, nor get the cart down the aisle Demeter Dec 2011 #37

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But is she making any money? Demeter Dec 2011 #63

south asia: India begins crucial week for anti-corruption bill xchrom Dec 2011 #42

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the Queen of Snark strikes again! xchrom Dec 2011 #72

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That chart's out of date (Dec 14). Latest rates are half that (see post #2) Ghost Dog Dec 2011 #88

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My G-d! The Spanish banks may have to mark to market their loans and recovered collateral from the amandabeech Dec 2011 #103

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I wonder if the vigilantes will get this guy to recant. amandabeech Dec 2011 #113

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Plan B � How to Loot Nations and Their Banks Legally By David Malone MUST READ!! Demeter Dec 2011 #87

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