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SMM Gold & Silver Morning Review (2012-10-15)
Oct 15,2012 10:04CST
price review forecast
Source:SMM
COMEX gold for December delivery opened at USD 1,769.3/oz and closed down USD 8.5/oz or 0.48% at USD 1,759.7/oz on October 10.

SHANGHAI, Oct. 15 (SMM) – COMEX gold for December delivery opened at USD 1,769.3/oz and closed down USD 8.5/oz or 0.48% at USD 1,759.7/oz on October 10, USD 7.05/oz lower than London’s USD 1,766.75/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,774.8/oz and USD 1,753.7/oz.

COMEX silver for December delivery opened at USD 34.1/oz and finally closed at USD 33.7/oz, falling USD 0.4/oz from the previous trading day, and USD 0.09/oz lower than London’s USD 33.79/oz. Highest and lowest COMEX prices during the day were USD 34.2/oz and USD 33.5/oz.

COMEX gold for December delivery moved down to hit a three-week low. As the University of Michigan Consumer Sentiment Index for October was higher than expected, market expected the US dollar index should rise, weighing on gold prices. On October 15, gold prices will still be under downward pressures.
 

COMEX gold for December delivery
COMEX silver for December delivery

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