Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / SMM Daily Review - 2011/8/26 Gold Market

SMM Daily Review - 2011/8/26 Gold Market

Aug 26, 2011 17:04

Source:SMM

Most active SHFE 1112 gold contract prices closed at RMB 367.8/gr, up RMB 3.11/gr or 0.85%, SGE Au9999 spot gold closed at RMB 368.9/gr, up RMB 5.7/gr from previous trading day.

SHANGHAI, Aug. 26 (SMM) -- Most active SHFE 1112 gold contract prices opened RMB 1.31/gr higher on August 26th and closed at RMB 367.8/gr, up RMB 3.11/gr or 0.85% from previous trading day. Highest and lowest prices during the day were RMB 370.4/gr and RMB 364.45/gr. Shanghai Gold Exchange (SGE) Au9999 spot gold closed at RMB 368.9/gr, up RMB 5.7/gr from previous trading day.

As global gold prices rebounded overnight, Shanghai gold prices opened slightly higher with a widening fluctuation range during the day, and reported larger gains at the tail of trading. Both market transactions and positions dropped further, indicating a cautious sentiment among investors as they stay out.

gold 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

Natixis Sees Gold Averaging $990 In 2016, Pressured By U.S. Interest Rates, Dollar

Natixis sees gold prices averaging $990 an ounce in 2016 on expectations for higher U.S. interest rates and strength in the U.S. dollar, the French bank said in a report released Friday.

time

Oct 12, 2015 16:21

Smaller Factors Could Have Big Impact On Gold Next Week - Analysts

The timing of the Federal Reserve’s first interest rate hike in more than nine years and a weaker U.S. dollar will be major drivers for the gold market next week.

time

Oct 12, 2015 16:19

Gold Ends Near Steady; Morning Gains Cannot Be Held

Gold prices ended the U.S. day session near steady Monday, and gave back morning gains that saw prices poke above $1,200.00.

time

Jun 2, 2015 17:12

Gold Struggling To Break Range, Headed Into Weakest Quarter – Barclays

As gold struggles to break its range, Barclays analysts say that the metal is headed into its hardest quarter yet.

time

May 26, 2015 16:36

Gold Prices Unable to Break Trading Range Before Yellen Speech

Gold prices lost $12 per ounce on the day in London trade on Friday midday following the release of April's US consumer price index showed the biggest US inflation jump in two years.

time

May 25, 2015 09:02

Gold Price Hits 2-Year Euro High, US Fed Members Argue Over Raising Dollar Rates

Gold price swings held in a tight $8 range around $1195 per ounce in London trade Wednesday, but for Euro investors the metal rose to halve this week's earlier 2% drop.

time

Apr 16, 2015 16:56

The Fed’s Done Being ‘Patient’ — What’s the Impact for Precious Metals?

A two-day US Federal Reserve meeting, held from March 17 to 18, has made this week a tense one for precious metals investors.

time

Mar 19, 2015 17:42

UBS cuts gold price forecast

Following a precipitous drop in the gold price on Friday, UBS (NYSE:UBS) has lowered its price target for the yellow metal, and it isn’t the only firm seeing additional pressure for gold.

time

Mar 10, 2015 13:42

The plunge in gold prices could be repeated over coming months

According to analysts, the plunge in gold prices following strong US jobs data could repeat over coming months.

time

Mar 10, 2015 10:20

Gold Price Hits 1-Week High as Beijing Joins 'Clearly Dovish' Move by US Fed & Eurozone

Gold prices rose again in London trade Thursday morning, very nearly touching $1220 for the first time in a week after officials in China announced new stimulus measures.

time

Feb 28, 2015 10:48

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.