SMM Morning Review - 2012/6/28 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/6/28 Gold & Silver

Price Review & Forecast 10:33:57AM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,572.4/oz and closed at USD 1,578.4/oz on Jun. 27, up USD 3.5/oz or 0.22% from the previous trading day, and USD 4.9/oz higher than London’s USD 1,573.5/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 27.1/oz and closed at USD 27/oz, down USD 0.103/oz or 0.38% from the previous trading day, and USD 0.16/oz higher than London’s USD 26.84/oz of the day. Highest and lowest COMEX prices during the day were USD 27.3/oz and USD 26.7/oz.

COMEX August gold prices fluctuated slightly higher amid ECB’s rate cut hint and surging Spanish debt yields. Trading should be cautious before the EU Summit closes. Gold prices should stay within ranges today.

SMM Morning Review - 2012/6/28 Gold & Silver

Price Review & Forecast 10:33:57AM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,572.4/oz and closed at USD 1,578.4/oz on Jun. 27, up USD 3.5/oz or 0.22% from the previous trading day, and USD 4.9/oz higher than London’s USD 1,573.5/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 27.1/oz and closed at USD 27/oz, down USD 0.103/oz or 0.38% from the previous trading day, and USD 0.16/oz higher than London’s USD 26.84/oz of the day. Highest and lowest COMEX prices during the day were USD 27.3/oz and USD 26.7/oz.

COMEX August gold prices fluctuated slightly higher amid ECB’s rate cut hint and surging Spanish debt yields. Trading should be cautious before the EU Summit closes. Gold prices should stay within ranges today.