Gold drops after credit rating for banks in France

Moody’s lowered the credit rating classification of two major French banks, sparkingfears of a systemic crisis in the banking sector in the euro area. The decline in gold and Moody’s lowered ratings of Societe Generale and Credit Agricole said it would expand the scope of review to include me. That. Paribas. And gold moved down half  percentage point up to 1824.09 USD/ Troy ounce, after rising 1.1% in the previous session. … Continue reading