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2008
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Gold quotations decrease
As of March 5, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia gold was traded at $965,00 level per ounce. At New York commodity exchange opening gold at bids was at $963,00 level, afterwards it decreased somewhat its position. On 4 March New York commodity exchange closure was fixed at $964,30 figure per ounce.
On Tuesday, futures quotations on gold decreased due to profit fixation, which was partly caused by oil price reduction. Correction towards down occurred just at the moment when market participants and analysts tried to find out if futures on gold would overcome psychologically important mark of US $1000 per Troy ounce. Futures quotations on gold according to bids results at COMEX (subdivision of New York commodity exchange) fell by US $17,90 up to US $966,30. Precious metals prices decreased against background of short slump in oil futures below the mark of $100 per barrel for the first time since last Thursday. Sale of gold had turned earlier into a good possibility to buy with quotations actually growing from the minimum. Nevertheless with quotations decrease it is doubtful how many buyers there will remain at the market with maximal prices.
London morning fixing on March 5, constituted $966,25 per ounce, while National Bank of Ukraine rate was established at $981,75 mark per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. March 5, 2008.
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News thrue march
2008
- Correction renewed on gold futures
- Rates on interbank credits in national currency increased by long-term highest marks at DEPO-market
- Quotations decrease at precious metals market
- Differently oriented movement is observed at DEPO-market while determining interbank credits cost
- Futures on gold become more expensive
- US dollar began to increase versus European currencies
- Silver futures rose in price
- USA stock markets were opened multidirectionally
- Gold quotations keep decreasing
- Gold keeps decreasing at precious metals market
- American stock market was opened increasing
- Gold quotations keep descending
- Interest rates decrease at DEPO-market
- Quotations keep decreasing at precious metals market
- US dollar increas against all European currencies
- Situation at precious metals market is characterized by quotations decrease
- Quotations increase at precious metals market
- London morning fixing constituted $1023,50 per gold ounce
- Futures on gold overcame $ 1 000 level
- Growth of futures quotations on silver
- Gold quotations fell at precious metals market
- Decrease of gold quotations at precious metals market
- Futures quotations on gold exceeded mark in $990 per troy ounce
- Pair Euro/Dollar reached its next highest mark at international foreign exchange market
- Situation at precious metals market
- US dollar reinforcement at Ukrainian interbank foreign exchange market
- US dollar reinforcement
- Quotations increase at precious metals market
- Gold can exceed mark in $ 1 000 by the end of March already
- European markets of shares opened with decrease
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