SHANGHAI, Nov. 21 (SMM) – The most active SHFE gold contract 1206 opened RMB 0.75/gr lower on November 21st, and closed at RMB 353.71/gr, up RMB 0.33/gr or 0.09% from the previous trading day. Highest and lowest prices during the day were RMB 354.48/gr and RMB 351.9/gr. Shanghai Gold Exchange (SGE) Au9999 spot gold closed at RMB 352.87/gr, down RMB 0.46/gr or 0.13% from the previous trading day.
Traded volumes for both gold futures and spot stayed low as investors were cautious amid increased uncertainties towards the global economy. SMM expects gold prices to continue fluctuating in the short term.