SMM Morning Review - 2012/5/28 Gold & Silver-Shanghai Metals Market

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

SMM Insight 10:07:51AM May 28, 2012 Source:SMM

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.

Key Words:  gold price   silver price   COMEX 

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

SMM Insight 10:07:51AM May 28, 2012 Source:SMM

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.

Key Words:  gold price   silver price   COMEX