SMM Morning Review - 2012/6/19 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/19 Gold & Silver

SMM Insight 10:34:45AM Jun 19, 2012 Source:SMM

SHANGHAI, Jun. 19 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,631/oz and closed at USD 1,627/oz on Jun. 18, down USD 1.1/oz or 0.07% from the previous trading day, and USD 11.5/oz higher than London’s USD 1,615.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,631/oz and USD 1,609.4/oz.

COMEX silver futures for July delivery opened at USD 29/oz and closed at USD 28.7/oz, down USD 0.04/oz or 0.14% from the previous trading day, and USD 0.27/oz higher than London’s USD 28.43/oz of the day. Highest and lowest COMEX prices during the day were USD 29/oz and USD 28.2/oz.

COMEX August gold finished slightly lower yesterday. Spanish bond yields rose and the risk aversion strengthened to weigh down gold prices. Gold will remain under pressure today.

SMM Morning Review - 2012/6/19 Gold & Silver

SMM Insight 10:34:45AM Jun 19, 2012 Source:SMM

SHANGHAI, Jun. 19 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,631/oz and closed at USD 1,627/oz on Jun. 18, down USD 1.1/oz or 0.07% from the previous trading day, and USD 11.5/oz higher than London’s USD 1,615.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,631/oz and USD 1,609.4/oz.

COMEX silver futures for July delivery opened at USD 29/oz and closed at USD 28.7/oz, down USD 0.04/oz or 0.14% from the previous trading day, and USD 0.27/oz higher than London’s USD 28.43/oz of the day. Highest and lowest COMEX prices during the day were USD 29/oz and USD 28.2/oz.

COMEX August gold finished slightly lower yesterday. Spanish bond yields rose and the risk aversion strengthened to weigh down gold prices. Gold will remain under pressure today.