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

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.