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2008

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Gold is in great demand at the world market of banking metals

As of May 27, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $927,40-$924,00 per ounce. Gold trade on New York Mercantile Exchange was opened at $924,00 level, afterwards it decreased somewhat its position.

The present state of the world gold market seems to be promising in many respects. It means both accretion of demand and gold-mining countries desire to satisfy this demand. Metals prices did not change significantly during the last day. Gold price amounts to UAH 44729.1300 per 10 ounces, silver — UAH 877.8500 per 10 ounces.

On May 28, gold price is expected within the limits of $900,00— $915,00 per ounce.

London morning fixing on May, 27 amounted to $923,75 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $922,25   per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. May 27, 2008.

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News thrue may
2008

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