SMM Morning Review - 2012/6/4 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/4 Gold & Silver

SMM Insight 09:41:36AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,561.7/oz and closed at USD 1,622.1/oz on Jun. 1, up USD 57.9/oz or 3.7% from the previous trading day, and USD 16.1/oz higher than London’s USD 1,606/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,630.6/oz and USD 1,547.4/oz.

COMEX silver futures for July delivery opened at USD 27.7/oz and closed at USD 28.5/oz, up USD 0.7/oz or 2.52% from the previous trading day, and USD 1.12/oz higher than London’s USD 27.38/oz for the day. Highest and lowest COMEX prices during the day were USD 28.7/oz and USD 27.2/oz.

COMEX August gold futures surged to a three-week high on Friday as weak manufacturing data in major economies the climbing US unemployment rate led to risk aversion. Gold should fluctuate at high levels for the near term.

Key Words:  COMEX   gold   silver 

SMM Morning Review - 2012/6/4 Gold & Silver

SMM Insight 09:41:36AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,561.7/oz and closed at USD 1,622.1/oz on Jun. 1, up USD 57.9/oz or 3.7% from the previous trading day, and USD 16.1/oz higher than London’s USD 1,606/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,630.6/oz and USD 1,547.4/oz.

COMEX silver futures for July delivery opened at USD 27.7/oz and closed at USD 28.5/oz, up USD 0.7/oz or 2.52% from the previous trading day, and USD 1.12/oz higher than London’s USD 27.38/oz for the day. Highest and lowest COMEX prices during the day were USD 28.7/oz and USD 27.2/oz.

COMEX August gold futures surged to a three-week high on Friday as weak manufacturing data in major economies the climbing US unemployment rate led to risk aversion. Gold should fluctuate at high levels for the near term.

Key Words:  COMEX   gold   silver