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SMM Morning Review - 2012/2/9 Gold & Silver
Feb 9,2012 09:48CST
smm insight
Source:SMM
COMEX April gold futures opened at USD 1,747/oz and closed at USD 1,731.3/oz on February 8, down USD 15.7/oz or 0.9% from the previous trading day.

SHANGHAI, Feb. 9 (SMM) -- COMEX April gold futures opened at USD 1,747/oz and closed at USD 1,731.3/oz on February 8, down USD 15.7/oz or 0.9% from the previous trading day, and USD 14.7/oz lower than London’s USD 1,746/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,754.7/oz and USD 1,726.1/oz.

COMEX March silver futures opened at USD 34.1/oz and closed at USD 33.704/oz on February 8, down USD 0.49/oz or 1.43% from the previous trading day, and USD 0.666/oz lower than London’s USD 34.37/oz during the day. Highest and lowest COMEX prices during the day were USD 34.52/oz and USD 33.67/oz.

Uncertainty in the euro-zone economy increased after Greece failed to strike an agreement in its latest debt talk and the European Central Bank still has not figured out a solution for Greek debt restructuring. Gold and silver closed slightly lower as a result. Today’s market focuses include interest resolutions of ECB and the British central bank. SMM expects gold and silver prices to stay at recent highs in the near term.

gold price
silver price
COMEX
Greek debt
ECB
interest rate resolutions

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