SHANGHAI, May 24 (SMM) -- COMEX gold futures for delivery in June opened at USD 1,567.9/oz and closed at USD 1,548.4/oz on May 23, down USD 28.2/oz or 1.79% from the previous trading day, and USD 0.6/oz lower than London’s USD 1,549/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,568.5/oz and USD 1,534/oz.
COMEX silver futures for July delivery opened at USD 28.1/oz and closed at USD 27.5/oz, down USD 0.7/oz or 2.48% from the previous trading day, and USD 0.26/oz lower than London’s USD 27.76/oz for the day. Highest and lowest COMEX prices during the day were USD 28.2/oz and USD 27.1/oz.
COMEX gold futures prices dropped for a third successive trading day on Wednesday, with losses gradually expanding. The surge in the US dollar index is the main cause. Gold is expected to slide further this week.