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2008

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Quotations increase at precious metals market

As of March 18 situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $1000,00-$1010,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $1009,30, then slightly increased. March 17 at commodity exchange in New-York, closure was fixed on the mark $1002,80 per ounce.

At the beginning of bids on Monday prices of futures on gold grew to highers due to investors' interests to gold metal, as more secure instrument for deposits, but then gold lost majority of purchased one due to long positions liquidation. At bids at commodity and raw materials exchange COMEX, subdivision of New-York commodity exchange prices of futures on gold increased on $ 3,10 — by $ 1002,60 per troy ounce. Gold prices increased due to further US dollar weakening. Then price of future on silver decreased at COMEX on 35,5 cents — by $ 20,30 per ounce.

London morning fixing on March 18 constituted $1005,75 per ounce, when rate of National Bank of Ukraine was set on the mark $1023,50 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. March 18, 2008.

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News thrue march
2008

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