Financial news

Quotations at precious metals market keep on rising. Precious metals market review. 6 December 2007

As of 06 December the situation at precious metals market was characterized by quotations rise. Today during morning trade session in Asia the gold was traded in the range $792,00-$788,20 per ounce. At the opening of New York commodity exchange the gold at bid was at the level $787,00,  afterwards it increased a little. 05 December the closing at New York commodity exchange was fixed at the figure $794,20 per ounce.

Gold price by session closing made up 795,93 dollars per ounce. Futures for gold was closed at the mark 798,80 dollars per ounce. Silver price by closing made up 14,22 dollars per ounce. Gold price decreased due to US dollar strengthening against background of encouraging economical reports. According to the results of trade session at New York commodity exchange on Wednesday, contract for gold delivery tumbled on $3,90, or on 0,5% (by $803,70 per troy ounce). Prices for other metals on Wednesday were closed multidirectionally. 

London morning fixing 06 December made up $788,75 per ounce, while the rate of National Bank of Ukraine was set at the mark $801,75 per ounce.

Comments of Roman VALESYUK, Senior Vice Chairman of the Board of PRAVEX-BANK, on precious metals market. 06 December 2007.

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