3. August 6

The United States lost its top AAA credit rating from Standard & Poor's, a United States-based financial services company. U.S. has lost its rating for the first time in history though there were concerns over the country's deficit and debt. “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics,” S&P said in a statement to Reuters. The CEO of S&P, Deven Sharma, was soon fired after this.

4. August 23

Gold price rose up to $1911.46 per ounce, which is highest monthly rise since 1999. This eventually happened after some investors sold the yellow metal on a notion of slowing economic growth. Amid crisis, U.S. Fed was taking measures to stimulate the U.S. economy. This made the investors take this decision of selling bullions.