Financial news

Quotations lowering at precious metals market. Precious metals market review. 3 December, 2007

As of 03 December situation at precious metals market was characterized by quotations lowering. Today during morning trade session in Asia gold was traded at the level $786,00-$775,00 per ounce. While opening New-York commodity exchange gold on bids increased by the mark in $783,00. 30 November at commodity exchange in New-York closure was fixed at the figure $783,10.

Gold cost decreased again against background of profit fixing, caused by USD growth and current year end. In accordance with the results of trade session at New-York commodity exchange, NYMEX, on Friday December contract on gold delivery decreased on 0,8%, by $789,10 per troy ounce.

Other metals prices on Friday were closed multydirectedly. March contract on silver delivery decreased on $0,28, or on 1,9%, by $14,165 per troy ounce. December futures on copper delivery were closed with the growth on $0,0935, or on 3%, at the mark $3,157 per pound. January futures on platinum delivery grew on $4,60, or on 0,3%, and were closed at the mark $1444,10 per ounce. December contract on palladium delivery became more expensive on $3,80, or on 1,1%, by $348,65 per ounce.
 London morning fixing on 03 December constituted $783,75 per ounce, when rate of national Bank of Ukraine was fixed at the mark $794,75 per ounce.

Comments of Roman Valesyuk, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK", on precious metals market. 03 December 2007.

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