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SMM Morning Review - 2012/6/4 Gold & Silver
Jun 4,2012 09:41CST
smm insight
Source: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.

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.

COMEX
gold
silver

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