Financial news

Quotations increase on precious metals market

As of 24 December situation on precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold on bids was traded on the level $809,80-$812,00 per ounce. While opening New-York commodity exchange gold on bids was on the level $813,00, then decreased a little bit. 21 December on commodity exchange in New-York closure was fixed on the figure $813,70 per ounce.

Prices on gold on Friday significantly increased under conditions of low volume of holiday bids, which aggravated prices fluctuations. In accordance with observers' words, gold prices increase was favored by shares and oil becoming more expensive, and short positions closure. Futures quotations on gold in accordance with bids results increased on USD 12,20, by USD 815,40 per troy ounce. Futures quotations on gold also performed technical break higher than level in USD 812,00. Bids volume at silver market also was not considerable. Futures quotations on silver in accordance with bids results on Friday increased together with copper prices. Futures quotations on silver increased on 14,8 cents, by USD 14,488 per ounce.

London morning fixing on the 24 of December constituted $810,25 per ounce, when rate of National Bank of Ukraine was fixed on the mark $803,00 per ounce.

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