SMM Morning Review - 2012/7/20 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/7/20 Gold & Silver

Price Review & Forecast 11:35:45AM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,573/oz and closed at USD 1,580.4/oz Jul. 19, up USD 9.6/oz or 0.6% from the previous trading day, but USD 3.6/oz lower than London’s USD 1,584/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,591.5/oz and USD 1,572.1/oz.

COMEX silver futures for September delivery opened at USD 27.14/oz and closed at USD 27.217/oz, up USD 0.122/oz or 0.5% from the previous trading day, but USD 0.233/oz lower than London’s USD 27.45/oz of the day. Highest and lowest COMEX prices during the day were USD 27.575/oz and USD 27.1/oz.

COMEX August gold prices fluctuated slightly higher as weak US economic data heated QE3 expectations to weigh down the US dollar and push up gold prices. Gold prices should stay within a narrow band today.
 

SMM Morning Review - 2012/7/20 Gold & Silver

Price Review & Forecast 11:35:45AM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,573/oz and closed at USD 1,580.4/oz Jul. 19, up USD 9.6/oz or 0.6% from the previous trading day, but USD 3.6/oz lower than London’s USD 1,584/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,591.5/oz and USD 1,572.1/oz.

COMEX silver futures for September delivery opened at USD 27.14/oz and closed at USD 27.217/oz, up USD 0.122/oz or 0.5% from the previous trading day, but USD 0.233/oz lower than London’s USD 27.45/oz of the day. Highest and lowest COMEX prices during the day were USD 27.575/oz and USD 27.1/oz.

COMEX August gold prices fluctuated slightly higher as weak US economic data heated QE3 expectations to weigh down the US dollar and push up gold prices. Gold prices should stay within a narrow band today.