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SMM Gold & Silver Morning Review (2012-10-16)
Oct 16,2012 10:59CST
price review forecast
Source:SMM
COMEX gold for December delivery opened at USD 1,755.1/oz and closed down USD 22.1/oz or 1.26% at USD 1,737.6/oz on October 15.

SHANGHAI, Oct. 16 (SMM) – COMEX gold for December delivery opened at USD 1,755.1/oz and closed down USD 22.1/oz or 1.26% at USD 1,737.6/oz on October 15, USD 1.6/oz higher than London’s USD 1,736/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,755.5/oz and USD 1,729.9/oz.

COMEX silver for December delivery opened at USD 33.5/oz and finally closed at USD 32.743/oz, falling USD 0.957/oz from the previous trading day, and USD 0.477/oz lower than London’s USD 33.22/oz. Highest and lowest COMEX prices during the day were USD 33.5/oz and USD 32.6/oz.

COMEX gold for December delivery dropped significantly to a monthly low. As the US economic data were reported positive, lowering expectations on easing policies and dragging down gold prices. On October 16, gold prices are expected to remain weak.

 

COMEX gold for December delivery
COMEX silver for December delivery

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