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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.
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