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2007

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Precious metals market review. 04 September 2007

As of 4 September the situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia the gold was characterized by increase in the range $672,00-$674,00 per ounce, and at the opening of New York commodity exchange the gold at bid was at the level $675,00. 3 September New York commodity exchange was closed due to holiday.

Strong macroeconomic statistics absence and holiday in the USA promoted slack at gold market during the whole previous trade day. Today holidays completion and bid opening were marked by prices take-off for "gold metal". So, the highest price per troy ounce of gold at New York exchange made up $679,00. In case "bulls" fail, one could expect price decrease by $666,00.

London morning fixing 04 September made up $673,50 per ounce, while the rate of the National Bank of Ukraine was set at the mark $672,75 per ounce.

News thrue september
2007

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