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Quotations increase at precious metals market again. Precious metals market review. 21 November, 2007

As of 21 November the situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at te level  $800,00-$804,00 per ounce. At the opening of New York commodity exchange gold at bid was at the level $799,30, afterwards it increased a little. 20 November the closing at New York commodity exchange was fixed at figure $790,50 per ounce.

At New York market today the following fluctuations are observed: approximately at 09:20 gold since the market closing moment went up by the mark $801,00 per troy ounce, afterwards it decreased abruptly by $796,00, but closer to 10:30 its price made up $803,8. In comparison with yesterday gold increased significantly, but soon its correction by the mark $770,00-$780,00 is expected due to traders' income fixation at the end of the year.

London morning fixing 21 November made up $796,25 per ounce, while the rate of National Bank of Ukraine was set at the mark $789,65 per ounce.

Comments of Roman VALESYUK, Senior Vice Chairman of the Board of JSCB «PRAVEX-BANK» on precious metals market. 21 November, 2007

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News thrue november
2007

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