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Home / Metal News / SMM Morning Review - 2011/8/26 Gold & Silver

SMM Morning Review - 2011/8/26 Gold & Silver

Aug 26, 2011 09:31

Source:SMM

COMEX December gold futures closed USD 5.9/oz or 0.34% higher at USD 1,763.2/oz, COMEX December silver futures closed USD 1.545/oz or 3.94% higher at USD 40.705/oz on August 25th.

SHANGHAI, Aug. 26 (SMM) -- COMEX December gold futures prices opened at USD 1,753.5/oz and closed at USD 1,763.2/oz on August 25th, up USD 5.9/oz or 0.34% from previous trading day, and USD 34/oz higher than London’s USD 1,729/oz during the day. Highest and lowest COMEX prices during the day were USD 1,777.5/oz and USD 1,705.4/oz.

COMEX December silver futures prices opened at USD 39.7/oz and closed at USD 40.705/oz on August 25th, up USD 1.545/oz or 3.94% from previous trading day, and USD 1.745/oz higher than London’s USD 39/oz during the day. Highest and lowest COMEX prices during the day were USD 41.19/oz and USD 38.765/oz.

Safe haven demand rose with falling US stock prices and speculation that Germany debt rating may be downgraded, which led gold and silver to closed higher during the day. Market focus will be remarks from US Fed president Bernanke after the annual central bank conference.

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silver price

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