Gold Rises as France's Credit Rating at Risk. Central Bank Purchases should Support Price in 2011

Gold continues its recovery in the European session but trading is thin. Worries the sovereign crisis in the Eurozone will spread are intensifying as rating agencies downgraded credit ratings of the countries in the region. Last week, Moody's lowered Ireland's ratings by 5 notches and warned that it may downgrade that of Spain and Greece.

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Gold Rises as France's Credit Rating at Risk. Central Bank Purchases should Support Price in 2011