SHANGHAI, Oct. 9 (SMM) – COMEX Gold futures for December delivery opened at USD 1,777.8/oz and closed at USD 1,780.3/oz on October 8, up USD 4.6/oz or 0.26 % from the previous trading day. The yellow metal peaked at USD 1,781.4/oz and dipped to its lowest at USD 1,775.8/oz in the day. The gold futures for December delivery on the COMEX was USD 7.3/oz higher than London gold which was at USD 1,773/oz in the afternoon.

Silver futures for December delivery on the COMEX started at USD 34/oz and finished at USD 34.26/oz on Monday, up USD 0.21/oz or 0.26% from the previous trading day. The December delivery silver contract touched its highest at USD 34.26/oz and sank to its lowest at USD 34/oz in the day. The contract was up USD 0.41/oz compared with London silver, which hit USD 33.85/oz.

Gold futures for December delivery on the COMEX was in correction on Monday due to market worries that the US Federal Reserve may change its monetary policy. Gold prices are expected to continue to hold in a tight band on Tuesday.