SHANGHAI, Aug. 13 (SMM) – COMEX gold futures for December delivery opened at USD 1,620.2/oz and closed at USD 1,622.8/oz on August 10, rising USD 2.9/oz or 0.18% from the previous trading day, and USD 4.3/oz higher than London’s USD 1,618.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,629.6/oz and USD 1,607.5/oz.

COMEX silver for September delivery opened at USD 28.1/oz and finally closed at USD 28.062/oz, down USD 0.038/oz or 0.14% from the previous trading day, and USD 0.182/oz higher than London’s USD 27.88/oz. Highest and lowest COMEX prices during the day were USD 28.285/oz and USD 27.555/oz.

Market expectations on implementation of QE3 remained since the US will release its July’s CPI data, which may buoy gold prices. It is expected gold prices will continued the uptrend on Monday.