Home / Metal News / Tin / SMM Morning Review - 2011/9/19 Gold & Silver
SMM Morning Review - 2011/9/19 Gold & Silver
Sep 19,2011 10:00CST
price review forecast
Source:SMM
COMEX December gold closed at USD 1,814.7/oz on September 16th, up USD 33.3/oz or 1.87%, COMEX December silver closed at USD 40.831/oz, up USD 1.33/oz or 3.37%.

SHANGHAI, Sept. 19 (SMM) -- COMEX December gold futures prices opened at USD 1,791.8/oz and closed at USD 1,814.7/oz on September 16th, up USD 33.3/oz or 1.87% from previous trading day, and USD 20.7/oz higher than London’s USD 1,794/oz during the day. Highest and lowest COMEX prices during the day were USD 1,819.5/oz and USD 1,767.8/oz.

COMEX December silver futures prices opened at USD 39.9/oz and closed at USD 40.831/oz on September 16th, up USD 1.33/oz or 3.37% from previous trading day, and USD 0.861/oz higher than London’s USD 39.97/oz during the day. Highest and lowest COMEX prices during the day were USD 40.9/oz and USD 39.5/oz.

Euro Group President Jean-Claude Juncker said on September 16th that delivery of the new round of bailout fund for Greece was delayed until October, adding to investor worries towards a Greek default. Meanwhile, short recovery and buying at lower prices also helped gold and silver rebound. The market will closely watch the Fed interest rate meeting this week, but QE3 is not expected by most investors, therefore gold and silver are expected to continue their fluctuation with higher chances move downward.

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