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2008

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Gold and silver futures price keep increasing

As of April 8, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $921,40-$915,00 level per ounce. Gold trade on New York Mercantile Exchange was opened at $917,00 level, afterwards it increased somewhat its position. On April 7, New York Mercantile Exchange closure was fixed at $920,20  per ounce.

According to COMEX results, gold futures price rose by $13,60 — up to $926,80 per Troy ounce. Silver futures rose in price by 36,5 cents and closed the bids (at COMEX) at $18,12 mark per ounce. Prices keep increasing under their own inertia after gold prices managed to recover their positions lost during let-down last week to $876,30 — more than two last months low. Landslide of gold prices was caused by profit taking.  

Quotations increase is expected tomorrow — up to $930,00 per ounce.

London morning fixing, on April 8, constituted $921,00 per ounce, while the National Bank of Ukraine rate was established at $914,70  mark per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. April 8, 2008.

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News thrue april
2008

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