SHANGHAI, Oct. 18 (SMM) – COMEX gold for December delivery opened at USD 1,749.9/oz and closed at USD 1,753/oz, up USD 6.7/oz or 0.38% on October 17, USD 4/oz higher than London’s USD 1,749/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,754.9/oz and USD 1,744/oz.

COMEX silver for December delivery opened at USD 33/oz and finally closed at USD 33.232/oz, up USD 0.232/oz or 0.7% from the previous trading day, and USD 0.202/oz higher than London’s USD 33.03/oz. Highest and lowest COMEX prices during the day were USD 33.3/oz and USD 32.9/oz.

COMEX gold for December delivery fluctuated up on October 17 since Moody’s confirmation to Spain’s credit rating slashed the country’s borrowing costs to a six month low, which eased market pessimism and drove the dollar down. On October 18, gold prices are expected to continue the rises.