Financial news

Quotations increase at precious metals market is keeping on

As of 11 December situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $806,00-$807,80 per ounce. While opening New-York commodity exchange gold at the bids was at the level $806,20, then, decreased a little bit. 10 December at commodity exchange in New-York closure was fixed at the figure $808,30 per ounce.

Futures quotations on gold in accordance with bids increased on $13,30, by $813,50 per troy ounce. Gold prices often grow following euro and decrease on the background of USD strengthening, as gold is considered to be alternative asset for deposits, which permits to perform hedging in case of sharp fluctuations of US dollar rate. Gold price increased from the level about $780,00 per ounce, and now futures are aimed at mark $830,00 per ounce. Futures quotations on silver increased on Monday on 34,5 cents, by $14,850 per ounce.

London morning fixing on 11 December constituted $806,75 per ounce, when rate of national bank of Ukraine was fixed at the mark $800,00 per ounce.

Comments of Roman VALESYUK, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK" on precious metals market. 11 December, 2007.

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