VIKEN Z KOKOZIAN: Jul 13, 2011

Wednesday, July 13, 2011

Moody's warns it may downgrade US credit rating -July-13-2011--

Moody's warns it may downgrade
US credit rating
July-13-2011--WASHINGTON - Moody's Investors Service is threatening to lower the United States' credit rating, saying there is a small but rising risk that the government will default on its debt. The credit rating agency said it will review the federal government's triple-A bond rating because the White House and Congress are running out of time to raise the nation's $14.3 trillion borrowing limit and avoid a default.
Dollar, US Stock And Oil Futures Fall After Moody's US Debt Warning.
US AAA bond rating put under review for possible downgrade, Moody's says

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QE3 talk pushes gold to nominal record -July-13-2011--

QE3 talk pushes gold to nominal record
July-13-2011--Gold surged to a new record on Wednesday, propelled by the possibility of a third round of quantitative easing in the US. The yellow metal, already rallying hard on the back of fiscal concerns in the eurozone, jumped to within
reach of $1,600 a troy ounce after Ben Bernanke, Federal Reserve chairman, said the central bank could take further steps to prop up the US economy if needed.
In testimony to Congress, Mr Bernanke said the Federal Reserve stood ready to provide “additional policy support” if the economy remained weak.

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