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2008

Archive » 2007 , 2008

News of the Bank

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Gold price can reach again USD 1000 per troy ounce in month and a half

Gold is considered to be reliable means of funds saving. For the last three years gold price showed constant growth at the world market.

However for the last two weeks of March gold price decrease with mark $1016 by $907 per troy ounce is observed. Such quotations decrease on this precious metal is connected with oil price decrease and with American dollar strengthening as a result of investment of FRS in $37 b for economics support. Such action of FRS was undertaken to stabilize situation at financial markets and for situation improvement in the world in total.  

Investors having invested funds into gold started to sell it as a result practically for two days gold price decreased $100 per ounce. Now price correction is observed and for today it is possible to see gold price range $930-950. Soon it is expected price increase by $960-990. Price of $1000 is still postponed for month and a half. Due to situation at the world markets gold prices at Ukrainian precious metals market also changed its position to decrease.

"PRAVEX-BANK performs flexible rate policy and fixes gold prices lower than market prices of Ukraine basing on the world quotations.

In spite of decrease on yellow metal price at the end of March gold is precious metal No.1 and soon quotations increase is expected", — noted Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK.

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News thrue march
2008

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