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SMM Morning Review - 2011/9/5 Gold & Silver
Sep 5,2011 10:02CST
price review forecast
Source:SMM
COMEX December gold closed USD 48.9/oz or 2.68% higher at USD 1,876.9/oz, December silver up USD 1.569/oz or 3.78% at USD 43.069/oz, SMM expects both to keep strong in the short term.

SHANGHAI, Sept. 5 (SMM) -- COMEX December gold futures prices opened at USD 1,827.9/oz and closed at USD 1,876.9/oz on September 2nd, up USD 48.9/oz or 2.68% from previous trading day, and USD 2.65/oz higher than London’s USD 1,875.25/oz during the day. Highest and lowest COMEX prices during the day were USD 1,886.7/oz and USD 1,827.2/oz.

COMEX December silver futures prices opened at USD 41.5/oz and closed at USD 43.069/oz on September 2nd, up USD 1.569/oz or 3.78% from previous trading day, and USD 0.569/oz higher than London’s USD 42.5/oz during the day. Highest and lowest COMEX prices during the day were USD 43.4/oz and USD 41.5/oz.

With zero-increase for US employments being reported in August, which is the worst record since September, 2010, market worries towards a second US economic recession rose again, boosting demand of safe haven protection from gold and silver. Therefore, SMM expects gold and silver to remain strong in the short term.

gold price
silver price

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