SHANGHAI, Feb. 15 (SMM) -- COMEX April gold futures opened at USD 1,723.2/oz and closed at USD 1,717.7/oz on February 14, down USD 7.2/oz or 0.42% from the previous trading day, and USD 4.3/oz lower than London’s USD 1,722/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,727.2/oz and USD 1,715.9/oz.
COMEX March silver futures opened at USD 33.7/oz and closed at USD 33.348/oz on February 14, down USD 0.374/oz or 1.11% from the previous trading day, and USD 0.162/oz lower than London’s USD 33.51/oz during the day. Highest and lowest COMEX prices during the day were USD 33.7/oz and USD 33.3/oz.
A lack of express promise for new austerity measures from Greece led to change of today’s euro zone Finance Ministers’ meeting into a teleconference. Investor worries got more support after Moody’s downgraded Spain and some other euro zone nations, leading to slight losses in gold and silver. Uncertainty seems still a prominent feature of euro zone debt. As such, SMM expects gold and silver prices to see lasting volatility in the near term and may more possibly show losses.
