SHANGHAI, Sept. 5 (SMM) -- COMEX December gold futures prices opened at USD 1,827.9/oz and closed at USD 1,876.9/oz on September 2nd, up USD 48.9/oz or 2.68% from previous trading day, and USD 2.65/oz higher than London’s USD 1,875.25/oz during the day. Highest and lowest COMEX prices during the day were USD 1,886.7/oz and USD 1,827.2/oz.
COMEX December silver futures prices opened at USD 41.5/oz and closed at USD 43.069/oz on September 2nd, up USD 1.569/oz or 3.78% from previous trading day, and USD 0.569/oz higher than London’s USD 42.5/oz during the day. Highest and lowest COMEX prices during the day were USD 43.4/oz and USD 41.5/oz.
With zero-increase for US employments being reported in August, which is the worst record since September, 2010, market worries towards a second US economic recession rose again, boosting demand of safe haven protection from gold and silver. Therefore, SMM expects gold and silver to remain strong in the short term.