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Home / Metal News / SMM Gold & Silver Morning Review (2012-10-12)

SMM Gold & Silver Morning Review (2012-10-12)

iconOct 12, 2012 13:48
COMEX gold for December delivery opened at USD 1,763.7/oz and closed up USD 3.1/oz or 0.18% at USD 1,768.2/oz on October 11.

SHANGHAI, Oct. 12 (SMM) – COMEX gold for December delivery opened at USD 1,763.7/oz and closed up USD 3.1/oz or 0.18% at USD 1,768.2/oz on October 11, USD 0.8/oz lower than London’s USD 1,769/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,776.5/oz and USD 1,760.2/oz.

COMEX silver for December delivery opened at USD 34/oz and finally closed at USD 34.1/oz, flat with the previous trading day, and USD 0.15/oz lower than London’s USD 34.25/oz. Highest and lowest COMEX prices during the day were USD 34.4/oz and USD 33.8/oz.

COMEX gold for December delivery fluctuated up and arrested the 4-day declines. Investors expect that Spain will apply for bailout, driving up the euro. The US dollar index fell and gold prices moved up. On October 12, gold prices are expected to continue to rise.

 

COMEX gold for December delivery
COMEX silver for December delivery
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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