SMM Morning Review - 2012/6/20 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/20 Gold & Silver

Price Review & Forecast 10:04:55AM Jun 20, 2012 Source:SMM

SHANGHAI, Jun. 20 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,628.1/oz and closed at USD 1,623.2/oz on Jun. 19, down USD 3.8/oz or 0.23% from the previous trading day, and USD 2.3/oz lower than London’s USD 1,625.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,634/oz and USD 1,618.4/oz.

COMEX silver futures for July delivery opened at USD 28.7/oz and closed at USD 28.4/oz, down USD 0.3/oz or 1.05% from the previous trading day, and USD 0.41/oz lower than London’s USD 28.81/oz of the day. Highest and lowest COMEX prices during the day were USD 28.9/oz and USD 28.3/oz.

COMEX August gold finished slightly lower yesterday as risk aversion weakened with optimism on the G20 Summit and the Fed interest rate meeting. Gold prices should remain weak today.

SMM Morning Review - 2012/6/20 Gold & Silver

Price Review & Forecast 10:04:55AM Jun 20, 2012 Source:SMM

SHANGHAI, Jun. 20 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,628.1/oz and closed at USD 1,623.2/oz on Jun. 19, down USD 3.8/oz or 0.23% from the previous trading day, and USD 2.3/oz lower than London’s USD 1,625.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,634/oz and USD 1,618.4/oz.

COMEX silver futures for July delivery opened at USD 28.7/oz and closed at USD 28.4/oz, down USD 0.3/oz or 1.05% from the previous trading day, and USD 0.41/oz lower than London’s USD 28.81/oz of the day. Highest and lowest COMEX prices during the day were USD 28.9/oz and USD 28.3/oz.

COMEX August gold finished slightly lower yesterday as risk aversion weakened with optimism on the G20 Summit and the Fed interest rate meeting. Gold prices should remain weak today.