SMM Morning Review - 2012/6/13 Gold & Silver

SMM Insight 09:39:15AM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,597/oz and closed at USD 1,613.8/oz on Jun. 12, up USD 17/oz or 1.06% from the previous trading day, and USD 10.3/oz higher than London’s USD 1,603.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,618.4/oz and USD 1,588/oz.

COMEX silver futures for July delivery opened at USD 28.5/oz and closed at USD 28.9/oz, up USD 0.4/oz or 1.4% from the previous trading day, and USD 0.36/oz higher than London’s USD 28.54/oz of the day. Highest and lowest COMEX prices during the day were USD 29/oz and USD 28.3/oz.

COMEX August gold futures prices broke through USD 1,600/mt amid speculation that the US will further easing its monetary policies. Gold prices are expected to move within a narrow band today.

Key Words:  COMEX gold   COMEX silver 

SMM Morning Review - 2012/6/13 Gold & Silver

SMM Insight 09:39:15AM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,597/oz and closed at USD 1,613.8/oz on Jun. 12, up USD 17/oz or 1.06% from the previous trading day, and USD 10.3/oz higher than London’s USD 1,603.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,618.4/oz and USD 1,588/oz.

COMEX silver futures for July delivery opened at USD 28.5/oz and closed at USD 28.9/oz, up USD 0.4/oz or 1.4% from the previous trading day, and USD 0.36/oz higher than London’s USD 28.54/oz of the day. Highest and lowest COMEX prices during the day were USD 29/oz and USD 28.3/oz.

COMEX August gold futures prices broke through USD 1,600/mt amid speculation that the US will further easing its monetary policies. Gold prices are expected to move within a narrow band today.

Key Words:  COMEX gold   COMEX silver