SHANGHAI, Sept. 1 (SMM) -- COMEX December gold futures prices opened at USD 1,838.4/oz and closed at USD 1,831.7/oz on August 31st, up USD 1.9/oz or 0.1% from previous trading day, and USD 18.2/oz higher than London’s USD 1,813.5/oz during the day. Highest and lowest COMEX prices during the day were USD 1,839.1/oz and USD 1,820/oz.
COMEX December silver futures prices opened at USD 41.4/oz and closed at USD 41.8/oz on August 31st, up USD 0.336/oz or 0.81% from previous trading day, and USD 0.45/oz higher than London’s USD 41.35/oz during the day. Highest and lowest COMEX prices during the day were USD 42/oz and USD 41.2/oz.
COMEX gold and silver closed higher overnight with growing market expectations of QE3 due to disappointing US economic data. As the peak season for gold is also expected to start, SMM expects gold and silver will remain strong while fluctuating.