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Home / Metal News / SMM Morning Review - 2012/7/13 Gold & Silver

SMM Morning Review - 2012/7/13 Gold & Silver

iconJul 13, 2012 11:35
COMEX gold futures for delivery in August opened at USD 1,576.3/oz and closed at USD 1,571.9/oz on Jul. 12, down USD 3.8/oz or 0.24% from the previous trading day

SHANGHAI, Jul. 13 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,576.3/oz and closed at USD 1,571.9/oz on Jul. 12, down USD 3.8/oz or 0.24% from the previous trading day, but USD 15.65/oz higher than London’s USD 1,556.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,577.7/oz and USD 1,555/oz.

COMEX silver futures for September delivery opened at USD 27.1/oz and closed at USD 27.161/oz, up USD 0.138/oz or 0.51% from the previous trading day, and USD 0.491/oz higher than London’s USD 26.67/oz of the day. Highest and lowest COMEX prices during the day were USD 27.3/oz and USD 26.4/oz.

COMEX August gold prices saw a sharp drop, but managed to recover most losses, after Moody’s downgrade on Italian debt pushed the US dollar index even higher. The staying strong US dollar should keep gold prices soft for the near term.

COMEX gold futures
COMEX silver futures
gold prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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