Home / Metal News / SMM Morning Review - 2012/6/11 Gold & Silver

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

iconJun 11, 2012 09:50
Source: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.

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.

COMEX gold futures
COMEX silver futures

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All