SHANGHAI, Oct. 17 (SMM) – COMEX gold for December delivery opened at USD 1,739/oz and closed at USD 1,746.3/oz, up USD 8.7/oz or 0.5% at USD 1,737.6/oz on October 16, USD 0.2/oz lower than London’s USD 1,746.5/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,749.6/oz and USD 1,736/oz.
COMEX silver for December delivery opened at USD 32.8/oz and finally closed at USD 33/oz, up USD 0.257/oz from the previous trading day, and USD 0.2/oz higher than London’s USD 32.8/oz. Highest and lowest COMEX prices during the day were USD 33.1/oz and USD 32.7/oz.
COMEX gold for December delivery rebounded on Tuesday since Spain was expected to apply for bailout and since strong economic data in Germany and the US pushed up the euro and weighed down the dollar. On October 17, gold prices should extend their increase.