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2008

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Quotations keep increasing at precious metals market

As of 12 February situation at precious metals market was characterized by quotations increase. Today at morning trade session in Asia gold was traded at $912,30-$921,00 point per ounce. At New York commodity exchange opening gold at bids was at $915,80 point, afterwards it somewhat decreased its position. 11 February New York commodity exchange closure was fixed at $922,30  figure per ounce.

On Monday, gold and other precious metals increased in price in New York. Futures contracts prices on gold increased in price due to USD rate decrease in the morning and crude oil prices rose. According to bids results at COMEX commodity exchange, New York commodity exchange division, futures prices on gold rose by $4,40, or almost by 0,5%, up to $926,70 per Troy ounce. Futures prices on silver increased more significantly than on gold, up to new maximum point. According to bids results at COMEX commodity exchange, futures prices on silver rose by 36 cents, or more than by 2,1%, up to $17,47 per Troy ounce.

London morning fixing on 12 February constituted $920,25 per ounce, while National Bank of Ukraine rate was established at $925,50  mark per ounce.

Comments by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board on precious metals market. February 12, 2008.

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