SMM Morning Review - 2012/6/14 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/14 Gold & Silver

SMM Insight 09:22:47AM Jun 14, 2012 Source:SMM

SHANGHAI, Jun. 14 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,611.2/oz and closed at USD 1,619.4/oz on Jun. 13, up USD 5.6/oz or 0.35% from the previous trading day, and USD 0.1/oz lower than London’s USD 1,619.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,626/oz and USD 1,607/oz.

COMEX silver futures for July delivery opened at USD 28.9/oz and closed at USD 28.941/oz, up USD 0.041/oz or 0.14% from the previous trading day, and USD 0.071/oz higher than London’s USD 28.87/oz of the day. Highest and lowest COMEX prices during the day were USD 29.1/oz and USD 28.7/oz.

COMEX August gold futures prices fluctuated higher as the US dollar weakened with stronger speculation that the US will further easing its monetary policies after retail sales of May slipped. Gold prices are expected to be soft today.

Price

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#1 Refined Cu
Oct.17
46700.0
-215.0
(-0.46%)
Standard-Grade Copper
Oct.17
46690.0
-215.0
(-0.46%)
High-Grade Copper
Oct.17
46705.0
-220.0
(-0.47%)
Guixi copper
Oct.17
46710.0
-220.0
(-0.47%)
Low-quality copper
Oct.17
46655.0
-220.0
(-0.47%)

SMM Morning Review - 2012/6/14 Gold & Silver

SMM Insight 09:22:47AM Jun 14, 2012 Source:SMM

SHANGHAI, Jun. 14 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,611.2/oz and closed at USD 1,619.4/oz on Jun. 13, up USD 5.6/oz or 0.35% from the previous trading day, and USD 0.1/oz lower than London’s USD 1,619.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,626/oz and USD 1,607/oz.

COMEX silver futures for July delivery opened at USD 28.9/oz and closed at USD 28.941/oz, up USD 0.041/oz or 0.14% from the previous trading day, and USD 0.071/oz higher than London’s USD 28.87/oz of the day. Highest and lowest COMEX prices during the day were USD 29.1/oz and USD 28.7/oz.

COMEX August gold futures prices fluctuated higher as the US dollar weakened with stronger speculation that the US will further easing its monetary policies after retail sales of May slipped. Gold prices are expected to be soft today.