SHANGHAI, Nov. 30 (SMM) -- COMEX December gold futures opened at USD 1,715.6/oz and closed at USD 1,718.6/oz on November 29th, up USD 4.1/oz or 0.24% from the previous trading day, and USD 1.6/oz higher than London’s USD 1,717/oz during the day. Highest and lowest COMEX prices during the day were USD 1,730.3/oz and USD 1,719.5/oz.
COMEX December silver futures opened at USD 32.1/oz and closed at USD 31.95/oz on November 29th, down USD 0.25/oz or 0.78% from the previous trading day, and USD 0.01/oz lower than London’s USD 31.96/oz during the day. Highest and lowest COMEX prices during the day were USD 32.2/oz and USD 31.6/oz.
The U.S. dollar index dropped after Euro Zone finance ministers agreed to offer 8 billion euro of financial aid to Greece and with expectations that the European Central Bank and IMF will provide capital to curb the Euro Zone debt crisis. Record highs of Italian debt yields, however, still caused worries among investors, leading to drastically fluctuating gold and silver prices. SMM expects intense fluctuation to continue for the two metals.