Financial news

Quotations keep growing at precious metals market

As of 22 February situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $947,00-$944,30 per ounce. While opening New-York commodity exchange gold on bids was at the level $945,50, then it slightly increased. 21 February at commodity exchange in New-York closure was fixed on the mark $946,30 per ounce.

In accordance with results of regular trade session at New-York commodity exchange, NYMEX, contract on gold supply became more expensive on $11,40, or on 1,2%, by $949,20 per troy ounce. During bids gold price increased by $958,40 per troy ounce. Contract on silver supply became more expensive on $0,19, or on 1,1%, by $17,95 per troy ounce. Decrease of US dollar supported quite well rate as for main currencies.

London morning fixing as of 22 February constituted $945,75 per ounce, when rate of National Bank of Ukraine was set on the mark $943,00 per ounce.

Comments on precious metals market of Roman Valesyuk, Senior Vice Chairman of the Board of JSCB "PRAVEX-BANK". 22 February, 2008.