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2008

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London morning fixing constituted $1023,50 per gold ounce

As of March 17, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $1 024,00-$1026,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $1023,00, then slightly decreased. March 14 closure was fixed on the mark $1002,50 per ounce at commodity exchange in New-York.

Gold futures on Friday reached new historical maximums, as gold is used as asset-refuge due to decrease of US dollar rate. Gold futures in accordance with results of bids at СОМЕХ increased in price on $5,70 — by $999,50 per troy ounce. Dollar decrease often causes growth of prices on gold, as investors use this metal as currency alternative. Futures quotations on silver increased on 23,5 cents — by $20,655 per ounce.

London morning fixing on March 17 constituted $1023,50 per ounce, when rate of National Bank of Ukraine was set on the mark $997,00 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK". 17 March, 2008.

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News thrue march
2008

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