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SMM Gold & Silver Morning Review (2012-10-22)
Oct 22,2012 11:15CST
price review forecast
Source: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.

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

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