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2007

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Quotations increase at precious metals market

As of 22 November situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $802,00-$803,00 per ounce. While opening of New-York commodity exchange gold on bids was at the level $801,00. 21 November at commodity exchange in New-York closure was fixed at the figure $797,70 per ounce.

 In connection with that fact that Thankful Day is celebrated in the USA, market is closed today; it will be closed till tomorrow midday. It explains gold prices increase that took place yesterday and calm of today. It is known that on 11 December there will be FOMC meeting, where problem of USD discount rate will be considered. Due to this situation, it is apparently that in such complicated situation, the best policy should be considered profit fixation on received results, than use useless risk.

London morning fixing on 22 November constituted $802,25 per ounce, at that time when rate of National Bank of Ukraine was fixed at the point $796,25 per ounce.

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News thrue november
2007

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