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Bank in MM2008
Archive » 2007 , 2008
Financial news
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Gold keeps decreasing at precious metals market
As of March 24 situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level 910,00-$915,00 per ounce. While opening New York commodity exchange gold on bids was at the level $912,00, then slightly decreased. March 20 closure was fixed on the $910,10 per ounce at New York commodity exchange.
Gold kept decreasing that was the most significant for the last 25 years. It was connected with that fact that US dollar strengthening decreases attractiveness of alternative investment instruments. During bids on Monday price of gold was decreasing to $906,79 per ounce. Gold became cheaper 1,2% at online bids at NYMEX — by $909,30 per ounce. Last week it lost in price 8% — the highest volume since 1990. Gold price decrease also caused oil prices decrease. Last week index of raw material cost UBS Bloomberg Constant Maturity Commodity Index lost 7,4% — maximal value since October 1997, when it was lost.
London morning fixing on March 24 constituted $913,50 per ounce, when rate of National Bank of Ukraine was set on the mark $995,25 per ounce.
Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. March 24, 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
- 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
- Gold quotations decrease
- 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