SMM Morning Review - 2012/4/19 Gold & Silver

SHANGHAI, Apr. 19 (SMM) – Gold and silver weakened on Wednesday after data showed Spanish banking sector bad debt increased from 7.9% to 8.2% in February and non-performing loans climbed to 7.91%, a record high since 1994, in January. The US dollar index was pushed to 79.86 as investors flocked to dollar assets.

COMEX gold futures for delivery in June opened at USD 1,650.8/oz and closed at USD 1,639.6/oz on April 18, down USD 11.5/oz or 0.7% from the previous trading day, and USD 4.4/oz lower than London’s USD 1,644/oz in the afternoon. Highest and lowest prices during the day were USD 1,655/oz and USD 1,639.6/oz.

COMEX silver futures for May delivery opened at USD 31.7/oz and closed at USD 31.62/oz, down USD 0.054/oz or 0.17% from the previous trading day, and USD 0.01/oz lower than London’s USD 31.61/oz for the day. Highest and lowest prices during the day were USD 31.8/oz and USD 31.4/oz.