SMM Morning Review - 2012/7/11 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/7/11 Gold & Silver

Price Review & Forecast 10:12:36AM Jul 11, 2012 Source:SMM

SHANGHAI, Jul. 11 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,589.1/oz and closed at USD 1,579.8/oz on Jul. 10, down USD 9.3/oz or 0.59% from the previous trading day, and USD 15.45/oz lower than London’s USD 1,595.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,601.1/oz and USD 1,564.7/oz.

COMEX silver futures for September delivery opened at USD 27.3/oz and closed at USD 26.78/oz, down USD 0.495/oz or 1.81% from the previous trading day, and USD 0.79/oz lower than London’s USD 27.57/oz of the day. Highest and lowest COMEX prices during the day were USD 27.5/oz and USD 26.7/oz.

COMEX August gold prices fluctuated widely and closed slightly lower as investors worry slow progress of the zone finance ministers meeting may bring dramatic changes. Gold prices should remain on the downward track today.

SMM Morning Review - 2012/7/11 Gold & Silver

Price Review & Forecast 10:12:36AM Jul 11, 2012 Source:SMM

SHANGHAI, Jul. 11 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,589.1/oz and closed at USD 1,579.8/oz on Jul. 10, down USD 9.3/oz or 0.59% from the previous trading day, and USD 15.45/oz lower than London’s USD 1,595.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,601.1/oz and USD 1,564.7/oz.

COMEX silver futures for September delivery opened at USD 27.3/oz and closed at USD 26.78/oz, down USD 0.495/oz or 1.81% from the previous trading day, and USD 0.79/oz lower than London’s USD 27.57/oz of the day. Highest and lowest COMEX prices during the day were USD 27.5/oz and USD 26.7/oz.

COMEX August gold prices fluctuated widely and closed slightly lower as investors worry slow progress of the zone finance ministers meeting may bring dramatic changes. Gold prices should remain on the downward track today.