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SMM Gold & Silver Morning Review (2012-10-18)
Oct 18,2012 10:36CST
price review forecast
Source: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% at USD 1,754.9/oz on October 17.

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.

COMEX gold for December delivery
COMEX silver for December delivery

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