SMM Morning Review - 2012/7/23 Gold & Silver-Shanghai Metals Market

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SMM Morning Review - 2012/7/23 Gold & Silver

Price Review & Forecast 10:31:03AM Jul 23, 2012 Source:SMM

SHANGHAI, Jul. 23 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,581.2/oz and closed at USD 1,582.8/oz Jul. 20, up USD 2.4/oz or 0.15% from the previous trading day, and USD 5.55/oz higher than London’s USD 1,576.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,586.1/oz and USD 1,573.7/oz.

COMEX silver futures for September delivery opened at USD 27.2/oz and closed at USD 27.302/oz, up USD 0.102/oz or 0.38% from the previous trading day, and USD 0.232/oz higher than London’s USD 27.07/oz of the day. Highest and lowest COMEX prices during the day were USD 27.4/oz and USD 26.8/oz.

COMEX August gold prices fluctuated widely and settled higher as Spanish above-alarming line debt yields reignited worries towards the European debt crisis to push up gold prices. SMM expects gold prices to be weak today.
 

SMM Morning Review - 2012/7/23 Gold & Silver

Price Review & Forecast 10:31:03AM Jul 23, 2012 Source:SMM

SHANGHAI, Jul. 23 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,581.2/oz and closed at USD 1,582.8/oz Jul. 20, up USD 2.4/oz or 0.15% from the previous trading day, and USD 5.55/oz higher than London’s USD 1,576.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,586.1/oz and USD 1,573.7/oz.

COMEX silver futures for September delivery opened at USD 27.2/oz and closed at USD 27.302/oz, up USD 0.102/oz or 0.38% from the previous trading day, and USD 0.232/oz higher than London’s USD 27.07/oz of the day. Highest and lowest COMEX prices during the day were USD 27.4/oz and USD 26.8/oz.

COMEX August gold prices fluctuated widely and settled higher as Spanish above-alarming line debt yields reignited worries towards the European debt crisis to push up gold prices. SMM expects gold prices to be weak today.