SMM Morning Review - 2012/7/3 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/7/3 Gold & Silver

Price Review & Forecast 11:57:14AM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,599.7/oz and closed at USD 1,597.7/oz on Jul. 2, down USD 6.5/oz or 0.41% from the previous trading day, but USD 5.7/oz higher than London’s USD 1,592/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,601.3/oz and USD 1,587.8/oz.

COMEX silver futures for September delivery opened at USD 27.5/oz and closed unchanged at USD 27.5/oz, down USD 0.112/oz or 0.41% from the previous trading day, but USD 0.14/oz higher than London’s USD 27.36/oz of the day. Highest and lowest COMEX prices during the day were USD 27.6/oz and USD 26.2/oz.

COMEX August gold prices shed slight losses overnight on doubts over the late EU Summit deal to solve the region’s debt crisis and disappointing US ISM manufacturing data. Gold prices should remain weak today.

SMM Morning Review - 2012/7/3 Gold & Silver

Price Review & Forecast 11:57:14AM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,599.7/oz and closed at USD 1,597.7/oz on Jul. 2, down USD 6.5/oz or 0.41% from the previous trading day, but USD 5.7/oz higher than London’s USD 1,592/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,601.3/oz and USD 1,587.8/oz.

COMEX silver futures for September delivery opened at USD 27.5/oz and closed unchanged at USD 27.5/oz, down USD 0.112/oz or 0.41% from the previous trading day, but USD 0.14/oz higher than London’s USD 27.36/oz of the day. Highest and lowest COMEX prices during the day were USD 27.6/oz and USD 26.2/oz.

COMEX August gold prices shed slight losses overnight on doubts over the late EU Summit deal to solve the region’s debt crisis and disappointing US ISM manufacturing data. Gold prices should remain weak today.