NEW YORK - FILE: Gold chains are seen for sale in Avianne & Co. in the "Diamond District" March 6, 2007 in New York City. It was reported that the price of gold rose above $1700 an ounce today, ... more 
NEW YORK - FILE: Gold chains are seen for sale in Avianne & Co. in the "Diamond District" March 6, 2007 in New York City. It was reported that the price of gold rose above $1700 an ounce today, following a reaction to Standard & Poor's downgrading the U.S. Treasury's credit rating August 8, 2011. (Photo by Mario Tama/Getty Images) less 
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Getty Images | Photo By Mario Tama / Getty Images
Mon, Aug 8, 2011 12:22 PM EDT