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Situation at precious metals market

As of May 5, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $862,50-$865,00 per ounce. Gold trade on New York Mercantile Exchange was opened at $867,00 level, afterwards it decreased somewhat its position. On May 2, New York Mercantile Exchange closure was fixed at $855,60 per ounce.

Official gold price on New York Commodity Exchange (COMEX) remains below the mark of $900,00 per ounce for more than a week. As of May 2, gold price on the Exchange increased for the first time during last four days, but it changed insignificantly. Gold Troy ounce on COMEX on May, 2 increased in price during the day by $7,1 (+0,8%), while future official price amounted to $858,00 per ounce — four days' highest mark  but it still remained by $7,5 lower than it was at the beginning of the week.

Gold growth is expected on May, 6 within the limits of $868,00-$973,00 per ounce.

London morning fixing on May, 5 amounted to $854,25 per ounce, while the exchange rate of the National Bank of Ukraine was established at $863,50 per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. May 5, 2008.

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News thrue may
2008

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