SMM Morning Review - 2012/6/11 Gold & Silver

SMM Insight 09:50:23AM Jun 11, 2012 Source:SMM

SMSHANGHAI, Jun. 11 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,590.3/oz and closed at USD 1,591.4/oz on Jun. 8, up USD 3.4/oz or 0.21% from the previous trading day, and USD 24.9/oz higher than London’s USD 1,576.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,595.9/oz and USD 1,558.4/oz.

COMEX silver futures for July delivery opened at USD 28.6/oz and closed at USD 28.471/oz, down USD 0.058/oz or 0.2% from the previous trading day, but USD 0.301/oz higher than London’s USD 28.17/oz. Highest and lowest COMEX prices during the day were USD 28.6/oz and USD 27.9/oz.

COMEX August gold rebounded near the USD 1,600/oz mark. European and US leader remarks boosted market sentiment, with the US dollar down and gold prices up. Euro zone finance ministers agreed Saturday to provide Spain with loans up to EUR 100 billion, further lifting market sentiment and pressuring the US dollar. Gold prices are expected to continue climb today.

SMM Morning Review - 2012/6/11 Gold & Silver

SMM Insight 09:50:23AM Jun 11, 2012 Source:SMM

SMSHANGHAI, Jun. 11 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,590.3/oz and closed at USD 1,591.4/oz on Jun. 8, up USD 3.4/oz or 0.21% from the previous trading day, and USD 24.9/oz higher than London’s USD 1,576.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,595.9/oz and USD 1,558.4/oz.

COMEX silver futures for July delivery opened at USD 28.6/oz and closed at USD 28.471/oz, down USD 0.058/oz or 0.2% from the previous trading day, but USD 0.301/oz higher than London’s USD 28.17/oz. Highest and lowest COMEX prices during the day were USD 28.6/oz and USD 27.9/oz.

COMEX August gold rebounded near the USD 1,600/oz mark. European and US leader remarks boosted market sentiment, with the US dollar down and gold prices up. Euro zone finance ministers agreed Saturday to provide Spain with loans up to EUR 100 billion, further lifting market sentiment and pressuring the US dollar. Gold prices are expected to continue climb today.