Financial news

Quotations increase at precious metals market

As of 05 December situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $800,00-$804,00 per ounce. While opening New-York commodity exchange gold at bids was at the level $802,20, then, decreased a little bit. 04 December at commodity exchange in New-York closure was fixed at the point $798,10  per ounce.

Futures quotations for gold and silver at bids on Tuesday increased, at this technical factors had definite role. In accordance with bids' results, gold futures increased in price on USD 12,90, by USD 807,60 per troy ounce in accordance with bids results. Futures quotations on silver increased on 25,5 cents, by USD 14,465 per ounce. "And there is technical break on gold, silver. Quotations changes really impress", — says one of the traders. Prices dynamics on silver reflected changes of gold quotations. Demand on silver was very significant, as metal ounce became more expensive on 60 cents for last 24 hours. "Practically as gold prices, silver prices turned back after descending trend of the last week", — he said. Anyway, both metals keep consolidating after growth in September and October. «Gold and silver quotations enter traditionally favorable period for them, lasting from the middle of November by the end of January, — said Einstein»

London morning fixing on 05 November constituted $801,75 per ounce, when rate of National bank of Ukraine was fixed at the mark $790,25 per ounce.

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