Gold Soars –

Gold hit a two week high in trading and closed at $1,529.20 an ounce.  September silver also rallied to close at almost $36 an ounce.  The debt crisis in Europe and the debt concerns in the U.S. are reasons for the rise in gold prices.  The usual trend for Gold prices is that they tend to soften in trading from July to September. 

To read a related MarketWatch article, please click here:

http://www.marketwatch.com/story/gold-futures-extend-gains-in-electronic-trading-2011-07-06?dist=afterbell

Jim Sutliff

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