SHANGHAI, Jul. 4 (SMM) -- COMEX gold futures for delivery in August opened at USD 1,597.5/oz and closed at USD 1,621.8/oz on Jul. 3, up USD 24.1/oz or 1.51% from the previous trading day, and USD 4.3/oz higher than London’s USD 1,617.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,624.8/oz and USD 1,595.5/oz.
COMEX silver futures for September delivery opened at USD 27.4/oz and closed at USD 28.28/oz, up USD 0.78/oz or 2.84% from the previous trading day, and USD 0.36/oz higher than London’s USD 27.92/oz of the day. Highest and lowest COMEX prices during the day were USD 28.4/oz and USD 27.4/oz.
COMEX August gold prices surged to a two-week high amid increasing expectations that major economies may ease their monetary policies after delivery of weak economic data. Gold prices should stay near their present levels today.