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SMM Morning Review - 2012/6/1 Gold & Silver
Jun 1,2012 09:57CST
smm insight
Source:SMM
COMEX gold futures for delivery in August opened at USD 1,564.3/oz and closed at USD 1,564.2/oz on May 31, down USD 1.5/oz or 0.1% from the previous trading day.

SHANGHAI, Jun. 1 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,564.3/oz and closed at USD 1,564.2/oz on May 31, down USD 1.5/oz or 0.1% from the previous trading day, but USD 6.2/oz higher than London’s USD 1,558/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,573.4/oz and USD 1,554.1/oz.

COMEX silver futures for July delivery opened at USD 27.9/oz and closed at USD 27.8/oz, down USD 0.035/oz or 0.13% from the previous trading day, and USD 0.3/oz lower than London’s USD 28.1/oz for the day. Highest and lowest COMEX prices during the day were USD 28.2/oz and USD 27.5/oz.

COMEX August futures prices were somewhat volatile overnight as European leaders delivered optimistic remarks while the US reported weak employment data. The strong US dollar will continue to weigh on gold prices today.

COMEX
gold
silver
Europe
US dollar

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