2
February
Markets largely higher in face of Mideast turmoil (GC in Marketwatch)
2 February 2011 MarketWatch
On the Mideast end, Standard & Poor’s downgraded Egypt’s long-term foreign-currency rating to double-B from double-B-plus. The credit-rating firm’s analyst, Kai Stukenbrock, said it could cut the rating further.
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The one market raising its voice, and its price, a bit during the Middle East turmoil is gold. The “geopolitical events in Tunisia, Yemen and Egypt provide another important catalyst for higher gold prices in 2011,” said Mark O’Byrne, director at GoldCore.
