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Home / Metal News / SMM Morning Review - 2012/5/28 Gold & Silver

SMM Morning Review - 2012/5/28 Gold & Silver

iconMay 28, 2012 10:07
COMEX gold futures for delivery in August opened at USD 1,559.8/oz and closed at USD 1,571.2/oz on May 25, up USD 11.4/oz or 0.73% from the previous trading day.

SHANGHAI, May 28 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,559.8/oz and closed at USD 1,571.2/oz on May 25, up USD 11.4/oz or 0.73% from the previous trading day, and USD 1.7/oz higher than London’s USD 1,569.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,575.8/oz and USD 1,553.2/oz.

COMEX silver futures for July delivery opened at USD 28.2/oz and closed at USD 28.386/oz, up USD 0.186/oz or 0.66% from the previous trading day, and USD 0.146/oz higher than London’s USD 28.24/oz for the day. Highest and lowest COMEX prices during the day were USD 28.5/oz and USD 27.9/oz.

COMEX August gold continued the Thursday rally on Friday. Standard & Poor’s downgraded debt ratings of Spain to trigger haven-seeking and boost gold prices. US financial markets are closed and gold prices should stay within a narrow band today.

gold price
silver price
COMEX
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.

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