SMM Morning Review - 2012/7/30 Gold & Silver-Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Zinc
  • Copper scrap
  • Evening comments
  • Aluminium
  • Macroeconomics
  • Futures movement
  • Copper
  • Production data
  • MMi Iron Ore Port Index
  • Rare earth
  • inventory
  • Operating+rates

SMM Morning Review - 2012/7/30 Gold & Silver

Price Review & Forecast 09:36:11AM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – COMEX gold futures for December delivery opened at USD 1,619.2/oz and closed at USD 1,622.7/oz Jul. 27, up USD 3.8/oz or 0.24% from the previous trading day, and USD 4.45/oz higher than London’s USD 1,618.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,633/oz and USD 1,615.5/oz.

COMEX silver for September delivery opened at USD 27.4/oz and finally settled at USD 27.5/oz, up USD 0.04/oz or 0.2% from the previous trading day, and USD 0.39/oz higher than London’s USD 27.11/oz of the day. Highest and lowest COMEX prices during the day were USD 27.8/oz and USD 27.3/oz.

COMEX December gold prices went up for the third straight day and hit a three-week high. The progress on European banking crisis triggered optimistic expectations and pushed the euro to rise while the US dollar index were down, paring pressures on gold prices. On Monday, gold prices are expected to continue the upward trend.

Key Words:  COMEX gold   COMEX silver  

SMM Morning Review - 2012/7/30 Gold & Silver

Price Review & Forecast 09:36:11AM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – COMEX gold futures for December delivery opened at USD 1,619.2/oz and closed at USD 1,622.7/oz Jul. 27, up USD 3.8/oz or 0.24% from the previous trading day, and USD 4.45/oz higher than London’s USD 1,618.25/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,633/oz and USD 1,615.5/oz.

COMEX silver for September delivery opened at USD 27.4/oz and finally settled at USD 27.5/oz, up USD 0.04/oz or 0.2% from the previous trading day, and USD 0.39/oz higher than London’s USD 27.11/oz of the day. Highest and lowest COMEX prices during the day were USD 27.8/oz and USD 27.3/oz.

COMEX December gold prices went up for the third straight day and hit a three-week high. The progress on European banking crisis triggered optimistic expectations and pushed the euro to rise while the US dollar index were down, paring pressures on gold prices. On Monday, gold prices are expected to continue the upward trend.

Key Words:  COMEX gold   COMEX silver