Market Update: The S&P/ASX 200 was down 0.2% at 5,346 points, dragged down by resources as commodity prices slipped overnight

Market Update: The S&P/ASX 200 was down 0.2% at 5,346 points, dragged down by resources as commodity prices slipped overnight. BHP and RIO both lost 1.2%. Gold stocks were hit hard with Beadell Resources tumbling 6.3% and Resolute Mining dropping 6.0%. Financials were giving the market the support with all major banks gaining between 0.4% to 0.8%. The AUD's weakness persists and has touched a low of US$0.9100 overnight. It is currently trading at US$0.9126. The SPI was down 0.5% at 5,354 points on the Sydney Futures Exchange.