SMM Morning Review - 2012/6/21 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/21 Gold & Silver

Price Review & Forecast 09:27:21AM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,619.4/oz and closed at USD 1,615.8/oz on Jun. 20, down USD 7.4/oz or 0.46% from the previous trading day, and USD 14.8/oz higher than London’s USD 1,601/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,623.5/oz and USD 1,591.1/oz.

COMEX silver futures for July delivery opened at USD 28.4/oz and closed at USD 28.389/oz, down USD 0.011/oz or 0.04% from the previous trading day, and USD 0.079/oz higher than London’s USD 28.31/oz of the day. Highest and lowest COMEX prices during the day were USD 28.6/oz and USD 27.7/oz.

COMEX August gold finished lower again as investors turned to the US dollar after Fed decided to hold back QE3 during the late interest rate meeting. Gold prices should remain weak today.

SMM Morning Review - 2012/6/21 Gold & Silver

Price Review & Forecast 09:27:21AM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,619.4/oz and closed at USD 1,615.8/oz on Jun. 20, down USD 7.4/oz or 0.46% from the previous trading day, and USD 14.8/oz higher than London’s USD 1,601/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,623.5/oz and USD 1,591.1/oz.

COMEX silver futures for July delivery opened at USD 28.4/oz and closed at USD 28.389/oz, down USD 0.011/oz or 0.04% from the previous trading day, and USD 0.079/oz higher than London’s USD 28.31/oz of the day. Highest and lowest COMEX prices during the day were USD 28.6/oz and USD 27.7/oz.

COMEX August gold finished lower again as investors turned to the US dollar after Fed decided to hold back QE3 during the late interest rate meeting. Gold prices should remain weak today.