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SMM Morning Review - 2011/10/24 Gold & Silver
Oct 24,2011 09:56CST
price review forecast
Source:SMM
COMEX December gold closed at USD 1,636.1/oz on October 21st, up USD 23.2/oz or 1.44%, COMEX December silver closed at USD 31.193/oz on October 21st, up USD 0.893/oz or 2.95%.

SHANGHAI, Oct. 24 (SM) -- COMEX December gold futures prices opened at USD 1,621.1/oz and closed at USD 1,636.1/oz on October 21st, up USD 23.2/oz or 1.44% from previous trading day, and USD 6.4/oz higher than London’s USD 1,642.5/oz during the day. Highest and lowest COMEX prices during the day were USD 1,646.2/oz and USD 1,613.6/oz.

COMEX December silver futures prices opened at USD 30.6/oz and closed at USD 31.193/oz on October 21st, up USD 0.893/oz or 2.95% from previous trading day, and USD 0.393/oz higher than London’s USD 30.8/oz during the day. Highest and lowest COMEX prices during the day were USD 31.4/oz and USD 30.3/oz.

Gold rebounded last Friday amid a weakening US dollar caused by higher expectations of a bailout plan from European leaders and bargain-hunting following a 4-day loss. Gold and silver are expected to continue fluctuation in the short term as investors keep their eyes on progresses from the EU Summit this Wednesday.

gold price
silver price
COMEX
EU Summit
European debt crisis

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