SMM Morning Review - 2012/7/25 Gold & Silver-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • hydrogen stations
  • Nickel
  • Iron ore
  • trade negotiations

SMM Morning Review - 2012/7/25 Gold & Silver

Price Review & Forecast 10:14:50AM Jul 25, 2012 Source:SMM

SHANGHAI, Jul. 25 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,580.7/oz and closed at USD 1,580.8/oz Jul. 24, down USD 1.2/oz or 0.08% from the previous trading day, and USD 2.45/oz lower than London’s USD 1,583.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,587.8/oz and USD 1,573.4/oz.

COMEX silver futures for September delivery opened at USD 27/oz and closed at USD 26.811/oz, down USD 0.189/oz or 0.7% from the previous trading day, and USD 0.119/oz lower than London’s USD 26.93/oz of the day. Highest and lowest COMEX prices during the day were USD 27.1/oz and USD 26.6/oz.

COMEX August gold prices fluctuated slightly lower as weak euro-zone economic data and increasing possibilities for a “Grexit” continued to strengthen the dollar to weigh down gold prices. SMM expects gold prices to remain weak today.
 

SMM Morning Review - 2012/7/25 Gold & Silver

Price Review & Forecast 10:14:50AM Jul 25, 2012 Source:SMM

SHANGHAI, Jul. 25 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,580.7/oz and closed at USD 1,580.8/oz Jul. 24, down USD 1.2/oz or 0.08% from the previous trading day, and USD 2.45/oz lower than London’s USD 1,583.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,587.8/oz and USD 1,573.4/oz.

COMEX silver futures for September delivery opened at USD 27/oz and closed at USD 26.811/oz, down USD 0.189/oz or 0.7% from the previous trading day, and USD 0.119/oz lower than London’s USD 26.93/oz of the day. Highest and lowest COMEX prices during the day were USD 27.1/oz and USD 26.6/oz.

COMEX August gold prices fluctuated slightly lower as weak euro-zone economic data and increasing possibilities for a “Grexit” continued to strengthen the dollar to weigh down gold prices. SMM expects gold prices to remain weak today.