SHANGHAI, Jun. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,561.7/oz and closed at USD 1,622.1/oz on Jun. 1, up USD 57.9/oz or 3.7% from the previous trading day, and USD 16.1/oz higher than London’s USD 1,606/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,630.6/oz and USD 1,547.4/oz.
COMEX silver futures for July delivery opened at USD 27.7/oz and closed at USD 28.5/oz, up USD 0.7/oz or 2.52% from the previous trading day, and USD 1.12/oz higher than London’s USD 27.38/oz for the day. Highest and lowest COMEX prices during the day were USD 28.7/oz and USD 27.2/oz.
COMEX August gold futures surged to a three-week high on Friday as weak manufacturing data in major economies the climbing US unemployment rate led to risk aversion. Gold should fluctuate at high levels for the near term.