SHANGHAI, Aug. 16 (SMM) – COMEX gold futures for December delivery opened at USD 1601.4/oz and closed at USD 1606.6/oz on August 15, up USD 4.2/oz or 0.26% from the previous trading day, and USD 4.85/oz higher than London’s USD 1601.75/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,608.2/oz and USD 1593.4/oz.

COMEX silver for September delivery opened at USD 27.9/oz and finally closed at USD 27.9/oz, up USD 0.1/oz or 0.36% from the previous trading day, and USD 0.26/oz lower than London’s USD 27.64/oz. Highest and lowest COMEX prices during the day were USD 28/oz and USD 27.6/oz.

COMEX gold futures for December delivery picked up after dipping low and closed slightly higher on Thursday. Investors expect the US economic data to be released later may be weak, coupled with the slipping inflation indicator, expectations on easing policies by the Fed was strengthened. On August 16, gold prices are expected to increase.