From website futuresource.com :

http://futuresource.quote.com/markets/market.jsp?id=metal

The fact that the greenback and gold are up at the same time indicates investors are moving into both in their traditional roles as safe havens.

"Credit risk has kept investment buying appetite healthy" in gold, said Standard Bank precious metals analyst Walter de Wet.

Gold, seen riskier because of its volatility, in recent months has been behaving more as an investment that people buy for potential returns when their risk tolerance is high.

But that has shifted over the past few days as fretting about a wider euro zone contagion ratchets up. There are concerns about the efficacy of a euro zone bailout package for Greece as well as fears about the financial woes of other cash strapped European nations like Spain and Portugal.

Silver futures dropped slightly despite gold's rally. "Silver doesn't have the safe haven (demand) of gold," said Frank Lesh, broker and futures analyst with FuturePath Trading.