Gold and Silver Move as U.S. Dollar Continues to Weaken

GOLD

Gold hit a nine-month peak overnight following a slight increase in the strength of the U.S. Dollar. The U.S. Dollar continues to weaken as there are concerns the U.S. could default on its loans after hitting the debt ceiling on Thursday. At 11am PT today, Gold is trading at $1,936 per ounce, up $9.

SILVER

Increased demand for Silver is expected to help Silver rally back above its resistance level. At 11am PT today, Silver is trading at $23.68 per ounce, up $0.34.