SHANGHAI, Sept. 13 (SMM) -- COMEX December gold futures prices opened at USD 1,864.5/oz and closed at USD 1,813.3/oz on September 12th, down USD 46.2/oz or 2.48% from previous trading day, and USD 20.7/oz lower than London’s USD 1,834/oz during the day. Highest and lowest COMEX prices during the day were USD 1,864.5/oz and USD 1,804.4/oz.
COMEX December silver futures prices opened at USD 41.5/oz and closed at USD 40.217/oz on September 12th, down USD 1.407/oz or 3.38% from previous trading day, and USD 0.593/oz lower than London’s USD 40.81/oz during the day. Highest and lowest COMEX prices during the day were USD 41.55/oz and USD 39.775/oz.
Gold and silver closed lower on September 12th as investors sold their haven assets to balance losses in stock markets caused by worries that the Greek default may spread to global markets. This situation is expected to last in the short term due to increased market worries towards European debt crisis, and gold and silver are expected keep fluctuating with higher possibilities to move downward.