Dow continues plunge; gold in meteoric rise day three

New York – Investors continued to sell off their securities for the third day as gold topped $1,800 per ounce on Wednesday, August 10.

The Dow-Jones Industrial Average plunged more than 500 points in trading that saw other key economic indicators continue negative trends following the S&P Credit Rating Agency's downgrade of the benchmark U.S. Treasury Bond from AAA to AA+ on Friday, August 5.