Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

Apr 17, 2012 10:03

Gold for June delivery in New York advanced 0.2 percent to $1,653.60 an ounce at 8:06 a.m. in Melbourne, while bullion for immediate delivery was little changed at $1,652.82.

By Phoebe Sedgman - Apr 17, 2012 6:13 AM GMT+0800

Gold for June delivery in New York advanced 0.2 percent to $1,653.60 an ounce at 8:06 a.m. in Melbourne, while bullion for immediate delivery was little changed at $1,652.82. Futures declined for a second straight session yesterday as U.S. equities climbed, eroding demand for the precious metal as a safe haven.

Silver for May delivery rose 0.4 percent to $31.485 an ounce.

gold

futures

New York

advance

immediate delivery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

The stainless steel futures prices rose during January 28 - February 16, and pulled back from February 17. The most traded SHFE SS contract dropped by more than 600 yuan/mt and fell below the 5-day and 10-day moving averages, gaining support at 30-day moving average.

Feb 23, 2022 17:32

SMM Insight

Stainless Steel Prices Are Likely to Remain Rangebound after Pulling Back

LME Copper Basically Stable during Holiday, Short Squeeze May Occur before SHFE Contract Delivery 【SMM post-holiday review】

Three-month LME copper closed at $9,136/mt in the intraday trading on September 30, and settled at $9,142/mt on October 7, up $6 or 0.06%.

Oct 8, 2021 11:10

SMM Comments

LME Copper Basically Stable during Holiday, Short Squeeze May Occur before SHFE Contract Delivery 【SMM post-holiday review】

State Council: To Accelerate the Introduction of Foreign Participants to Dometic Futures Market

The State Council recently announced that it will accelerate the introduction of foreign market participants to engage in the construction of international commodity futures market with products denominated and settled in RMB.

Sep 3, 2021 14:42

Industry

State Council: To Accelerate the Introduction of Foreign Participants to Dometic Futures Market

Lead Futures Rebounded after Hitting Lows, Stocks Diverged in China and Overseas Markets

LME lead stopped declining after dropping to the line of $2,250/mt and closed at $2,300/mt, reaching a high of $2,343/mt.

Aug 17, 2021 14:04

Analysis

Lead Futures Rebounded after Hitting Lows, Stocks Diverged in China and Overseas Markets

Stainless Steel Prices to Remain Fluctuating at High Levels in Aug

Stainless steel futures prices continued to rise in July. As of July 30, the most traded stainless steel contract closed at 19,995 yuan/mt, an increase of 3,165 yuan/mt or 18.8% from the end of June. However, the prices fell sharply in the first two trading days in August.

Aug 4, 2021 11:30

Analysis

Stainless Steel Prices to Remain Fluctuating at High Levels in Aug

SMM Evening Comments (Jul 27): Iron and Steel Closed Down over 1%

The nonferrous metals market closed the day with mixed performances.

Jul 27, 2021 19:00

SMM Comments

SMM Evening Comments (Jul 27): Iron and Steel Closed Down over 1%

DRI Busts Major India's Gold Smuggling Racket

Directorate of Revenue Intelligence (DRI) busted a major Gold smuggling racket involving smuggling of around 7000 Kilograms of Gold worth more than Rs. 2000 crore in last two and half years.

Sep 20, 2016 11:44

SMM Comments

Conspicuously Investing in Gold? Now You Can Have a Gold iPhone 7

Having status symbols no better than the guy next door? Ever pulled up in your yacht only to find, 10 minutes later, a guy with a yacht twice the size pulls into the same bay right next to you?

Aug 29, 2016 08:36

Industry

Nontoxic Formula Extracts Precious Metals from E-Waste

Mineral processing company Mineworx says it has developed a nontoxic leach formula that extracts precious metals from ores and e-waste.

Aug 17, 2016 09:27

Industry

China, Russia raise Gold purchase during June

After slowing in May Chinese and Russian banks increased gold purchase in June.

Jul 29, 2016 09:55

Industry

SMM Events & Webinars

All

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom

Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025