SMM Morning Review - 2012/7/12 Gold & Silver-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Futures movement
  • MMi Iron Ore Port Index
  • Nickel
  • Copper scrap
  • Copper
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Evening comments
  • Tin
  • Market commentary
  • Production data
  • inventory

SMM Morning Review - 2012/7/12 Gold & Silver

Price Review & Forecast 10:52:05AM Jul 12, 2012 Source:SMM

SHANGHAI, Jul. 12 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,566.5/oz and closed at USD 1,575.7/oz on Jul. 11, down USD 4.1/oz or 0.26% from the previous trading day, and USD 1.3/oz lower than London’s USD 1,577/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,582.6/oz and USD 1,566.5/oz.

COMEX silver futures for September delivery opened at USD 26.8/oz and closed at USD 27.023/oz, up USD 0.243/oz or 0.91% from the previous trading day, and USD 0.087/oz lower than London’s USD 27.11/oz of the day. Highest and lowest COMEX prices during the day were USD 27.2/oz and USD 26.8/oz.

COMEX August gold prices fluctuated widely and remained soft as QE3 expectations cooled further with discrepancies shown in Fed meeting minutes for a June interest rate meeting. Gold prices should stay near present ranges today.

SMM Morning Review - 2012/7/12 Gold & Silver

Price Review & Forecast 10:52:05AM Jul 12, 2012 Source:SMM

SHANGHAI, Jul. 12 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,566.5/oz and closed at USD 1,575.7/oz on Jul. 11, down USD 4.1/oz or 0.26% from the previous trading day, and USD 1.3/oz lower than London’s USD 1,577/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,582.6/oz and USD 1,566.5/oz.

COMEX silver futures for September delivery opened at USD 26.8/oz and closed at USD 27.023/oz, up USD 0.243/oz or 0.91% from the previous trading day, and USD 0.087/oz lower than London’s USD 27.11/oz of the day. Highest and lowest COMEX prices during the day were USD 27.2/oz and USD 26.8/oz.

COMEX August gold prices fluctuated widely and remained soft as QE3 expectations cooled further with discrepancies shown in Fed meeting minutes for a June interest rate meeting. Gold prices should stay near present ranges today.