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Home / Metal News / SMM Gold & Silver Morning Review (2012-10-22)

SMM Gold & Silver Morning Review (2012-10-22)

iconOct 22, 2012 11:15
COMEX gold for December delivery opened at USD 1,742.5/oz and closed at USD 1,724/oz, down USD 20.7/oz or 1.19% on October 19.

SHANGHAI, Oct. 22 (SMM) – COMEX gold for December delivery opened at USD 1,742.5/oz and closed at USD 1,724/oz, down USD 20.7/oz or 1.19% on October 19, USD 5.5/oz higher than London’s USD 1,737/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,744.7/oz and USD 1,717.2/oz.

COMEX silver for December delivery opened at USD 32.8/oz and finally closed at USD 32.097/oz, falling USD 0.771/oz or 2.35% from the previous trading day, and USD 0.233/oz lower than London’s USD 32.33/oz. Highest and lowest COMEX prices during the day were USD 32.9/oz and USD 32/oz.

COMEX gold for December delivery slump on October 19 as Spain showed no intention of asking for bailout after the two-day EU summit, adding to market concerns. On October 22, gold prices are expected to rise slight.

 

COMEX gold for December delivery
COMEX silver for December delivery
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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