Home / Metal News / SMM Morning Review - 2011/8/15 Gold & Silver

SMM Morning Review - 2011/8/15 Gold & Silver

iconAug 15, 2011 09:50
Source:SMM
SHANGHAI, Aug. 15 (SMM) -- COMEX December gold futures prices opened at USD 1,767.2/oz and closed at USD 1,742.6/oz on August 12th,

SHANGHAI, Aug. 15 (SMM) -- COMEX December gold futures prices opened at USD 1,767.2/oz and closed at USD 1,742.6/oz on August 12th, down USD 8.9/oz or 0.51% from previous trading day, and up USD 6.6/oz compared with London’s USD 1,736/oz. Highest and lowest COMEX prices during the day were USD 1,770.1/oz and USD 1,728.4/oz.

COMEX September silver futures prices opened at USD 38.7/oz and closed at USD 39.114/oz on August 12th, up USD 0.414/oz or 1.07% from previous trading day, and up USD 0.824/oz compared with London’s USD 38.29/oz. Highest and lowest COMEX prices during the day were USD 39.2/oz and USD 38.3/oz.

Investors successively exited the gold market after profit-taking on August 12th, due to higher risk appetite supported by naked short selling ban by some European countries and higher margin rate set by Chicago Mercantile Exchange. As a result, gold prices fell after previous continued climb, and silver prices slightly rose supported by buying at lower levels. SMM expects gold and silver prices to keep fluctuating at current-levels 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 Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All