SMM Morning Review - 2012/7/4 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/7/4 Gold & Silver

Price Review & Forecast 09:55:40AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,597.5/oz and closed at USD 1,621.8/oz on Jul. 3, up USD 24.1/oz or 1.51% from the previous trading day, and USD 4.3/oz higher than London’s USD 1,617.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,624.8/oz and USD 1,595.5/oz.

COMEX silver futures for September delivery opened at USD 27.4/oz and closed at USD 28.28/oz, up USD 0.78/oz or 2.84% from the previous trading day, and USD 0.36/oz higher than London’s USD 27.92/oz of the day. Highest and lowest COMEX prices during the day were USD 28.4/oz and USD 27.4/oz.

COMEX August gold prices surged to a two-week high amid increasing expectations that major economies may ease their monetary policies after delivery of weak economic data. Gold prices should stay near their present levels today.

SMM Morning Review - 2012/7/4 Gold & Silver

Price Review & Forecast 09:55:40AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,597.5/oz and closed at USD 1,621.8/oz on Jul. 3, up USD 24.1/oz or 1.51% from the previous trading day, and USD 4.3/oz higher than London’s USD 1,617.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,624.8/oz and USD 1,595.5/oz.

COMEX silver futures for September delivery opened at USD 27.4/oz and closed at USD 28.28/oz, up USD 0.78/oz or 2.84% from the previous trading day, and USD 0.36/oz higher than London’s USD 27.92/oz of the day. Highest and lowest COMEX prices during the day were USD 28.4/oz and USD 27.4/oz.

COMEX August gold prices surged to a two-week high amid increasing expectations that major economies may ease their monetary policies after delivery of weak economic data. Gold prices should stay near their present levels today.