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

iconJul 23, 2012 10:31
Source: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.

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.
 

COMEX gold futures
COMEX silver futures
gold prices

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