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SMM Morning Review - 2011/9/9 Gold & Silver
Sep 9,2011 09:52CST
price review forecast
Source:SMM
COMEX December gold closed at USD 1,857.5/oz on September 8th, up USD 39.9/oz or 2.2%, COMEX December silver closed at USD 42.53/oz, up USD 0.899/oz or 2.16%.

SHANGHAI, Sept. 9 (SMM) -- COMEX December gold futures prices opened at USD 1,819.5/oz and closed at USD 1,857.5/oz on September 8th, up USD 39.9/oz or 2.2% from previous trading day, and USD 2.5/oz higher than London’s USD 1,855/oz during the day. Highest and lowest COMEX prices during the day were USD 1,873.3/oz and USD 1,816.2/oz.

COMEX December silver futures prices opened at USD 41.655/oz and closed at USD 42.53/oz on September 8th, up USD 0.899/oz or 2.16% from previous trading day, and USD 0.39/oz higher than London’s USD 42.14/oz during the day. Highest and lowest COMEX prices during the day were USD 42.69/oz and USD 41.41/oz.

Gold and silver closed slightly higher on September 8th with increased investor worries following European Central Bank’s dial back in economic growth for the euro zone and unexpectedly rising new unemployment claims in the US. US President Obama called for an approval for his USD 447 billion employment act by the Congress this morning. SMM expects gold and silver to fluctuate subject to economic data from major economies in the short term.

gold price
silver price

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