Home / Metal News / Precious Metals / SMM Morning Review - 2011/8/8 Gold & Silver
SMM Morning Review - 2011/8/8 Gold & Silver
Aug 8,2011 09:59CST
price review forecast
Source:SMM
SHANGHAI, Aug. 8 (SMM) -- COMEX December gold futures prices opened at USD 1,648.7/oz and closed at USD 1,651.8/oz on August 5th,

SHANGHAI, Aug. 8 (SMM) -- COMEX December gold futures prices opened at USD 1,648.7/oz and closed at USD 1,651.8/oz on August 5th, down USD 7.2/oz or 0.43% from previous trading day, and down USD 6.95/oz compared with London’s USD 1,658.75/oz. Highest and lowest COMEX prices during the day were USD 1,671/oz and USD 1,644.2/oz.

COMEX September silver futures prices opened at USD 38.8/oz and closed at USD 38.211/oz on August 5th, down USD 1.189/oz or 3.02% from previous trading day, and down USD 1.029/oz compared with London’s USD 39.24/oz. Highest and lowest COMEX prices during the day were USD 39.7/oz and USD 37.8/oz.

Gold and silver prices slightly fell on August 5th as market worries towards the European debt crisis slightly alleviated after European Central Bank signed debt agreements with Italy and Spain. Following a downgrade of US debt rating by Standard & Poor’s, gold prices surged on the morning of August 8th, and SMM expect gold and silver prices to keep rising in the short term.


Copyright © SMM. All Rights Reserved.

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

gold price
silver price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news