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Home / Metal News / SMM Morning Review - 2012/6/27 Gold & Silver

SMM Morning Review - 2012/6/27 Gold & Silver

iconJun 27, 2012 10:12
COMEX gold futures for delivery in August opened at USD 1,586.8/oz and closed at USD 1,574.9/oz on Jun. 26, down USD 13.5/oz or 0.85% from the previous trading day.

SHANGHAI, Jun. 27 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,586.8/oz and closed at USD 1,574.9/oz on Jun. 26, down USD 13.5/oz or 0.85% from the previous trading day, and USD 1.1/oz lower than London’s USD 1,576/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,587.3/oz and USD 1,569/oz.

COMEX silver futures for September delivery opened at USD 27.5/oz and closed at USD 27.103/oz, down USD 0.397/oz or 1.44% from the previous trading day, and USD 0.337/oz lower than London’s USD 27.44/oz of the day. Highest and lowest COMEX prices during the day were USD 27.6/oz and USD 26.8/oz.

COMEX August gold prices dropped as support weakened amid heating doubts over any breakthrough to effectively solve the European debt crisis during the coming EU Summit. Gold prices should stay within narrow bands today.

COMEX gold futures
COMEX silver futures
European debt crisis
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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