Weaker US Dollar Drives Gold Up

GOLD

A weaker U.S. Dollar index combined with a continued sell-off in the world’s equity markets drove Gold up to $1,233 per ounce in early Asian trading. Demand for physical Gold investment products is picking up with investors. At 11am PDT today, Gold is trading at $1,226, up $5.50 per ounce on good volume.

SILVER

Silver followed Gold higher this morning, reaching $14.80 per ounce before seeing light selling. Premiums on many of the popular Silver investment items are increasing. At 11am PDT today, Silver is up $0.08 per ounce, trading at $14.68 on average volume.