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2008

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Quotations decrease on precious metals market

As of April 1, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $899,00-$919,00 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $897,80, then it slightly decreased. March 31, at New York Mercantile Exchange closure was fixed on the mark $915,70 per ounce.      

Gold prices and other precious metals in accordance with results of bids on Monday decreased following oil and other raw materials prices decrease as well as due to closure of positions at the end of quarter. Gold futures in accordance with results of bids at СОМЕХ became cheaper on $15 per ounce by the level of $921,50. Quotations of silver futures decreased on $17,31 per ounce.

London morning fixing on April 1 constituted $897,00 per ounce, when rate of National Bank of Ukraine was set on the mark $937,25 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of PRAVEX-BANK on precious metals market. April 1, 2008.

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News thrue april
2008

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