14 January 2012

Gold and Silver Decline as Europe Receives Downgrades

By Eric McWhinnie

January 13, 2012 4:46 PM EST
Wall St. Cheat Sheet

On Friday, gold (NYSEARCA:GLD) futures for February delivery decreased $16.90 to settle at $1,630.80 per ounce, while silver (NYSEARCA:SLV) futures fell 60 cents to settle at $29.52.
Must Read

Euro-zone governments are expecting new debt-crisis commotion following reports ratings agency Standard & Poor’s (NYSE:MHP) plans to downgrade the credit ratings of two of the euro zone’s six AAA-rated nations.

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