Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Morning Review - 2011/8/10 Gold & Silver
Aug 10,2011 09:39
CSTprice review forecast
Source:SMM
SHANGHAI, Aug. 10 (SMM) -- COMEX December gold futures prices opened at USD 1,720/oz and closed at USD 1,743/oz on August 9th,
SHANGHAI, Aug. 10 (SMM) -- COMEX December gold futures prices opened at USD 1,720/oz and closed at USD 1,743/oz on August 9th, up USD 29.8/oz or 1.74% from previous trading day, and up USD 7/oz compared with London’s USD 1,736/oz. Highest and lowest COMEX prices during the day were USD 1,774.2/oz and USD 1,720/oz.
COMEX September silver futures prices opened at USD 39.1/oz and closed at USD 37.883/oz on August 9th, down USD 1.497/oz or 3.80% from previous trading day, and down USD 0.477/oz compared with London’s USD 38.36/oz. Highest and lowest COMEX prices during the day were USD 39.5/oz and USD 37.3/oz.
US FED announced on August 9th following the FMOC meeting that it planed to maintain current low interest rates until mid 2013, which boosted risk aversion sentiment among investors, and gold prices closed higher despite drastic fluctuation caused by profit-taking. Silver prices closed slightly lower due to dime economic outlook. SMM expects gold to remain strong and silver to keep fluctuating 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
Most Read
price review forecast
price review forecast
smm insight
data analysis
Copper EVENTS
- Dec03
2020 Nonferrous Metals Industry Chain Annual Summit
Dec 03 - 04,2020Can easing liquidity help the recovery of global manufacturing? Can the COVID-19 come to an end?Suzhou,China
China Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.
