Financial news

Quotations increase at precious metals market. Comments of Roman VALESYUK, Senior Vice-Chairman of the Board of “PRAVEX-BANK” on precious metals market. 13 December, 2007.

As of 13 December situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $807,80-$811,10 per ounce. While opening New-York commodity exchange gold on bids was at the level $808,00, then, increased a little bit. 12 December at commodity exchange in New-York closure was fixed at the figure $813,20 per ounce.

Futures quotations on gold increased on Wednesday. Funds and dealers purchased futures against background of expectations of USD rate, prices increase on oil prices and inflations growth. Prices on gold in accordance with results of bids increased on $1,70, by $818,80 per troy ounce. Prices growth on oil and periods of inflations growth often support gold prices. Probably, USD rate practically reached maximum, and its decrease will support gold prices. «Futures quotations on gold grew, as they were bought by dealers and funds while decreasing, — said one of source at the stock». Though silver prices usually follow gold prices, on Wednesday futures on silver became cheaper a little bit, but in general situation for them is quite favorable. Futures quotations on silver decreased on 4 cents on Wednesday, by $14,825 per ounce.

London morning fixing on 13 December constituted $809,00 per ounce, when rate of National bank of Ukraine was fixed at the mark $807,50 per ounce.

[You can subscribe for Banks news.]