SMM Morning Review - 2012/5/24 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/5/24 Gold & Silver

SMM Insight 11:06:06AM May 24, 2012 Source:SMM

SHANGHAI, May 24 (SMM) -- COMEX gold futures for delivery in June opened at USD 1,567.9/oz and closed at USD 1,548.4/oz on May 23, down USD 28.2/oz or 1.79% from the previous trading day, and USD 0.6/oz lower than London’s USD 1,549/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,568.5/oz and USD 1,534/oz.

COMEX silver futures for July delivery opened at USD 28.1/oz and closed at USD 27.5/oz, down USD 0.7/oz or 2.48% from the previous trading day, and USD 0.26/oz lower than London’s USD 27.76/oz for the day. Highest and lowest COMEX prices during the day were USD 28.2/oz and USD 27.1/oz.

COMEX gold futures prices dropped for a third successive trading day on Wednesday, with losses gradually expanding. The surge in the US dollar index is the main cause. Gold is expected to slide further this week.

Key Words:  COMEX   gold   silver 

SMM Morning Review - 2012/5/24 Gold & Silver

SMM Insight 11:06:06AM May 24, 2012 Source:SMM

SHANGHAI, May 24 (SMM) -- COMEX gold futures for delivery in June opened at USD 1,567.9/oz and closed at USD 1,548.4/oz on May 23, down USD 28.2/oz or 1.79% from the previous trading day, and USD 0.6/oz lower than London’s USD 1,549/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,568.5/oz and USD 1,534/oz.

COMEX silver futures for July delivery opened at USD 28.1/oz and closed at USD 27.5/oz, down USD 0.7/oz or 2.48% from the previous trading day, and USD 0.26/oz lower than London’s USD 27.76/oz for the day. Highest and lowest COMEX prices during the day were USD 28.2/oz and USD 27.1/oz.

COMEX gold futures prices dropped for a third successive trading day on Wednesday, with losses gradually expanding. The surge in the US dollar index is the main cause. Gold is expected to slide further this week.

Key Words:  COMEX   gold   silver