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Home / Metal News / SMM Morning Review - 2012/5/30 Gold & Silver

SMM Morning Review - 2012/5/30 Gold & Silver

iconMay 30, 2012 09:19
COMEX gold futures for delivery in August opened at USD 1,576.4/oz and closed at USD 1,551/oz on May 29, down USD 24.6/oz or 1.56% from the previous trading day.

SHANGHAI, May 30 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,576.4/oz and closed at USD 1,551/oz on May 29, down USD 24.6/oz or 1.56% from the previous trading day, and USD 28.5/oz lower than London’s USD 1,579.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,584.1/oz and USD 1,551/oz.

COMEX silver futures for July delivery opened at USD 28.4/oz and closed at USD 27.791/oz, down USD 0.604/oz or 2.13% from the previous trading day, and USD 0.459/oz lower than London’s USD 28.25/oz for the day. Highest and lowest COMEX prices during the day were USD 28.7/oz and USD 27.7/oz.

COMEX-August gold plunged on Tuesday to the USD 1,550/oz mark. US rating agency Egan Jones downgraded Spanish sovereign debt from BB- to B, dragging down gold prices. SMM expects gold to be range-bound today.

COMEX
gold
silver
spain
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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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