SHANGHAI, Oct. 24 (SMM) – COMEX gold for December delivery opened at USD 1,730.6/oz and closed at USD 1,709.4/oz on October 23, down 0.21%, USD 1.6/oz lower than London’s USD 1,711/oz in the afternoon. Highest and lowest COMEX prices during the day were USD 1,731.2/oz and USD 1,704.6/oz.
COMEX silver for December delivery opened at USD 32.4/oz and finally closed at USD 31.71/oz, down USD 0.22/oz or 0.69% from the previous trading day, and flat with London’s price. Highest and lowest COMEX prices during the day were USD 32.5/oz and USD 31.57/oz.
COMEX gold for December delivery went down on Tuesday due to market concerns triggered by Moody’s downgrade of rating on five regions in Spain. Besides, positive US economic data pushed up the dollar and weighed down gold. On October 24, gold prices should remain weak.