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.