SMM Morning Review - 2012/6/1 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/1 Gold & Silver

SMM Insight 09:57:25AM Jun 01, 2012 Source:SMM

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.

Key Words:  COMEX   gold   silver   Europe   US dollar 

SMM Morning Review - 2012/6/1 Gold & Silver

SMM Insight 09:57:25AM Jun 01, 2012 Source:SMM

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.

Key Words:  COMEX   gold   silver   Europe   US dollar