International Precious Metals Market Briefing July 30

New York Mercantile Exchange (COMEX) gold 29, closing a modest rebound, weaker dollar support for gold, but the outflow of funds is to weigh. COMEX 12-month gold futures contract settled up to 1,171.20 dollars an ounce.

1, closing comments:

Integrated Media on July 29 reported that the New York Mercantile Exchange (COMEX) gold futures on the 29th to bounce off the lows from the last three months, but only a modest rebound, as investors continue to underweight positions in gold. Calm situation in the market, gold has gradually lost its attractiveness as a safe haven.

Dec Nymex gold futures contracts settled up 8.80 U.S. dollars, to 1,171.20 dollars an ounce, or 0.8%.

Support a weaker dollar price of gold, but some market participants that the recent gold price fall is a bargain hunting opportunity. However, companies generally strong results for the second fiscal quarter, and the market for European sovereign debt crisis fears weaken, investors will shift attention away from the gold to the stock market.

Silver futures followed gold and copper price gains, because a weaker dollar. COMEX September silver futures rose 17.6 cents, to 17.617 U.S. dollars an ounce, or 1%.

Nymex October platinum futures settled up 21.70 U.S. dollars, to 1,563.40 dollars an ounce, or 1.4%. September palladium futures settled up 22.45 U.S. dollars to 491.20 U.S. dollars an ounce, or 4.8%.

Second, the following is the COMEX gold closing quotes 29 (Unit: USD / ounce):

Contract Open High Low Close Volume Change positions

August / 2010 (GLNQ) 1163.8 1169.2 1158.7 1168.4 8.0 49709 35049

October / 2010 (GLNV) 1164.2 1170.4 1160.3 1169.8 8.8 12199 42663

December / 2010 (GLNZ) 1165.8 1172.0 1161.6 1171.2 8.8 100566 317956

February / 2011 (GLNG) 1170.2 1172.8 1164.0 1172.7 8.8 1182 19071

April / 2011 (GLNJ) 1169.5 1169.5 1169.5 1174.1 8.8 656 17426

June / 2011 (GLNM) 1173.6 1175.9 1167.0 1175.4 8.8 405 16288

Source: New York Mercantile Exchange

Third, following the Shanghai Gold Exchange on the 29th trading market unit: yuan / gram AgT + D Unit: RMB / kg

Contract Open High Low Close Change (yuan) Price volume weighted average price

Au100g 256.30 258.40 254.60 257.00 0.47 0.0018 256.83 72.2

Au9995 254.00 256.10 254.00 255.80 0.02 0.0001 255.76 2,920

Au9999 257.40 257.40 254.25 255.80 0.00 0 255.69 2,421.80

Pt9995 349.00 350.50 348.50 349.27 0.33 0.0009 349.01 54

AuT + D 254.15 256.00 253.68 255.48 -0.09 -0.0004 254.96 14,252

AgT + D 4085.00 4116.00 4081.00 4109.00 -8.00 -0.0019 4095.00 261,592

Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.

Note: The volume measured for the two-way

Source: Shanghai Gold Exchange