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SMM Daily Review - 2011/11/23 Shanghai Gold Markets
Nov 23,2011 17:37CST
smm insight
Source:SMM
The most active SHFE gold contract 1206 closed at RMB 351/gr, up RMB 4.47/gr or 1.29%, Shanghai Gold Exchange Au9999 spot gold closed at RMB 350.25/gr, up RMB 3.39/gr or 0.98%.

SHANGHAI, Nov. 23 (SMM) – The most active SHFE gold contract 1206 opened RMB 2.98/gr higher on November 23rd, and closed at RMB 351/gr, up RMB 4.47/gr or 1.29% from the previous trading day. Highest and lowest prices during the day were RMB 351.61/gr and RMB 349.31/gr. Shanghai Gold Exchange (SGE) Au9999 spot gold closed at RMB 350.25/gr, up RMB 3.39/gr or 0.98% from the previous trading day.

The metal maintained its gains from higher opening prices despite the climbing US dollar index and a much lower-than-expected manufacturing PMI from HSBC. Traded volume for both gold futures and spot stayed at low levels. SMM expects gold prices to see fluctuation continue in the short term.
 

gold price
SHFE
SGE

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