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Home / Metal News / SMM Morning Review - 2012/5/25 Gold & Silver

SMM Morning Review - 2012/5/25 Gold & Silver

iconMay 25, 2012 10:38
Source:SMM
COMEX gold futures for delivery in August opened at USD 1,563.2/oz and closed at USD 1,559.8/oz on May 24, up USD 9.2/oz or 0.59% from the previous trading day.

SHANGHAI, May 25 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,563.2/oz and closed at USD 1,559.8/oz on May 24, up USD 9.2/oz or 0.59% from the previous trading day, but USD 8.7/oz lower than London’s USD 1,568.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,579.6/oz and USD 1,553.4/oz.

COMEX silver futures for July delivery opened at USD 27.8/oz and closed at USD 28.2/oz, up USD 0.7/oz or 2.55% from the previous trading day, and USD 0.12/oz higher than London’s USD 28.08/oz for the day. Highest and lowest COMEX prices during the day were USD 28.5/oz and USD 27.6/oz.

COMEX August gold ended its three-day drop on Thursday as the upward run of the US dollar index slowed. SMM expects an upward correction of gold today. The trading band should be narrow.

COMEX
gold
silver

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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