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2008

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Tomorrow gold price is expected within $900,00-$915,00 per ounce.

As of May 20, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $905,00 — $907,00 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $906,30, then slightly increased. May 19, at New York Mercantile Exchange closure was fixed on the mark $904,60 per ounce.

Gold price increased due to apprehensions relating inflation growth and high oil prices. In accordance with results of regular trade session at New York Mercantile Exchange, NYMEX, contract on gold supply became more expensive on $5,90 (or 0,7%) — by $905,80 per troy ounce. This is the highest price of closure since April 23. Contract on silver supply increased $0,07 (or 0,4%) — by $17,03 per troy ounce.

May 21, gold price is expected within $900,00-$915,00 per ounce.

London morning fixing on May 20, constituted $907,00 per ounce, when rate of National Bank of Ukraine was set on the mark $908,75 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK. May 20, 2008.

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News thrue may
2008

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