SAN FRANCISCO (MarketWatch) — Investors were quick to snap up gold futures after ratings agency Moody’s cut Greece’s debt four notches to Ba1, but not enough to rescue gold from settling lower Monday. Gold for August delivery was off $5.70, or 0.5%, to $1,224.50, after posting losses of more than $10 earlier. Copper futures rallied 3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
View full post on MarketWatch.com – MarketPulse

