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2008

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Gold and silver futures quotations increase

As of May 22, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $925,00 — $932,50 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $923,00, then slightly decreased. May 21, at New York Commodity Exchange closure was fixed on $931,80 per ounce.

Record high oil prices and USD decrease caused gold price increase to the monthly maximum level. Quotations of gold futures (in accordance with results of bids at СОМЕХ) increased $ 8,40 — up to $ 928,60 per troy ounce. Silver futures became more expensive on 32,5 cents — up to $ 18,05 per ounce.

May 23, gold price is expected within $ 915,00— $ 922,00 per ounce.

London morning fixing on May 22, constituted $928,25 per ounce, when rate of National Bank of Ukraine was set on the mark of $925,00 per ounce.

Comments by Roman Valesyuk, Senior Vice-Chairman of the Board of PRAVEX-BANK. May 22, 2008.

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News thrue may
2008

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