SMM Morning Review - 2012/6/18 Gold & Silver

SMM Insight 09:49:05AM Jun 18, 2012 Source:SMM

SHANGHAI, Jun. 18 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,623.8/oz and closed at USD 1,628.1/oz on Jun. 15, up USD 8.5/oz or 0.52% from the previous trading day, and USD 0.85/oz higher than London’s USD 1,627.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,633.4/oz and USD 1,621.6/oz.

COMEX silver futures for July delivery opened at USD 28.6/oz and closed at USD 28.74/oz, up USD 0.333/oz or 1.17% from the previous trading day, and USD 0.08/oz higher than London’s USD 28.66/oz of the day. Highest and lowest COMEX prices during the day were USD 28.8/oz and USD 28.5/oz.

COMEX August gold futures settled up for a sixth successive trading day as a result of risk aversion due to the Greek election. The Greek election ended with satisfying results and haven capital will flow out to weaken the US dollar. Gold prices are expected to continue going up today.

SMM Morning Review - 2012/6/18 Gold & Silver

SMM Insight 09:49:05AM Jun 18, 2012 Source:SMM

SHANGHAI, Jun. 18 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,623.8/oz and closed at USD 1,628.1/oz on Jun. 15, up USD 8.5/oz or 0.52% from the previous trading day, and USD 0.85/oz higher than London’s USD 1,627.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,633.4/oz and USD 1,621.6/oz.

COMEX silver futures for July delivery opened at USD 28.6/oz and closed at USD 28.74/oz, up USD 0.333/oz or 1.17% from the previous trading day, and USD 0.08/oz higher than London’s USD 28.66/oz of the day. Highest and lowest COMEX prices during the day were USD 28.8/oz and USD 28.5/oz.

COMEX August gold futures settled up for a sixth successive trading day as a result of risk aversion due to the Greek election. The Greek election ended with satisfying results and haven capital will flow out to weaken the US dollar. Gold prices are expected to continue going up today.