Metals Mixed, Gold Soaring On Debt Downgrade

The metals market is mixed today, with gold and silver soaring on back of the S&P downgrade of U.S. debt. Equities are plunging as a result. Copper is down 2 cents to trade at $4.09700, a loss of 0.49%. Ipath Dow Jones Ubs Copper Total ETF

is down 49 cents to $53.51, a loss of 0.9%. Silver is up 88 cents to $39.09 an ounce, a gain of 2.3%. It looks like it will retest $40 in the coming week. Shares of Ishares Silver Trust ETF

are up $1.13 this morning, to trade at $38.45, a gain of just over 3%. Gold is up $43.40 an ounce to $1,695.20, a gain of 2.63%. Shares of Spdr Gold Trust ETF

are up $3.84 to $165.59. Platinum is up $4.40 an ounce, trading at $1,723.50, a gain of 0.26%. The platinum ETF settings First Trust ISE Global Platinum Index

is down $1.33 this morning to trade at $22.72. Palladium is down $8.80 an ounce today, trading at $733.00, a loss of 1.2%. Shares of ETFS Physical Palladium Shares

are sharply lower today, down $1.09 to $72.54.