Gold rises, along with the euro and Australian dollar, after the S&P downgraded its outlook on the US. Gold rises above $1,500 and silver is trading above $44.
The BRIC countries, Brazil, Russia, India, and China, added a new member, South Africa. The combined economies of the five countries are set to surpass the US economy by 2014.
Oil prices have dropped, and currencies in Japan, China, and Singapore will be affected.