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

Price Review & Forecast 10:12:09AM Jun 27, 2012 Source:SMM

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.

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

Price Review & Forecast 10:12:09AM Jun 27, 2012 Source:SMM

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.