SMM Morning Review - 2012/6/15 Gold & Silver

SMM Insight 09:51:33AM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,619/oz and closed at USD 1,619.6/oz on Jun. 14, up USD 0.2/oz or 0.01% from the previous trading day, and USD 6.1/oz higher than London’s USD 1,613.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,628.5/oz and USD 1,612.1/oz.

COMEX silver futures for July delivery opened at USD 28.8/oz and closed at USD 28.407/oz, down USD 0.534/oz or 1.85% from the previous trading day, and USD 0.473/oz lower than London’s USD 28.88/oz of the day. Highest and lowest COMEX prices during the day were USD 29.1/oz and USD 28.2/oz.

COMEX August gold futures prices fluctuated slightly higher as the US dollar weakened with stronger speculation that the US will further easing its monetary policies after a considerable drop in May CPI. Gold prices are expected to continue fluctuating higher today.

Key Words:  COMEX gold   COMEX silver 

SMM Morning Review - 2012/6/15 Gold & Silver

SMM Insight 09:51:33AM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,619/oz and closed at USD 1,619.6/oz on Jun. 14, up USD 0.2/oz or 0.01% from the previous trading day, and USD 6.1/oz higher than London’s USD 1,613.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,628.5/oz and USD 1,612.1/oz.

COMEX silver futures for July delivery opened at USD 28.8/oz and closed at USD 28.407/oz, down USD 0.534/oz or 1.85% from the previous trading day, and USD 0.473/oz lower than London’s USD 28.88/oz of the day. Highest and lowest COMEX prices during the day were USD 29.1/oz and USD 28.2/oz.

COMEX August gold futures prices fluctuated slightly higher as the US dollar weakened with stronger speculation that the US will further easing its monetary policies after a considerable drop in May CPI. Gold prices are expected to continue fluctuating higher today.

Key Words:  COMEX gold   COMEX silver