Financial news

Quotations increase at precious metals market

As of 18 December situation at precious metals market situation was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $792,00-$795,00 per ounce. While opening of New-York commodity exchange gold on bids increased, having returned to the mark $806,00 per ounce. 17 December at commodity exchange in New-York closure was fixed on the point $794,50.

During trade day (17.12.07) quotations of precious metals showed decrease, however they were closed multidirectly, besides silver prices were closed ascending.

Gold cost in spot section by the closure constituted USD 789,98 per ounce. January future on gold closed on the mark USD 798,90 per ounce. Silver cost on spot by the closure constituted USD 13,80 per ounce. January future on silver on NYMEX closed on the mark USD 13,825 per ounce.

Continuing US dollar strengthening which are supported by weak indexes PMI on Eurozone caused negative influence on metals quotations in the morning. During American session there were expected publications of great quantity of macro data, however the main event for market became auction, which was performed by FRS for liquidity improvement in the financial system. Auction volume constituted USD 20 b. These actions positively influenced metals quotations, permitting them to close not on "bear note".

Auction, performed by FRS, influenced positively interbank crediting market. In spite of the fact that final conclusions about results of auctions influence on market are early to do, it is possible to say that it brought share of quietness on financial places that can positively influence metals quotations. Today attention will be paid to data of construction market of the USA and Goldman Sachs report. At that time when the first one can push gold and silver quotations up, second one is factor of indefiniteness.

American currency after strengthening feels quite stably, and factors occurrence, which will be able to support it (for example, speculations growth respectively)

London morning fixing on the 17 of December constituted $796,25 per ounce, when rate of National Bank of Ukraine was fixed on the mark $787,00 per ounce.

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