Financial news

Quotations increase at precious metals market

As of 11 January situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold on bids was traded at the level $890,00-$893,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $892,40, then decreased a little bit. 10 January at commodity exchange in New-York closure was fixed on the figure $890,90 per ounce.

Gold price on Thursday renewed historical maximum, due to USD rate decrease. In accordance with trade session at New-York commodity exchange, contract on gold delivery increased on $11,90, or on 1,3%, by $893,60 per troy ounce. During bids gold price was increasing to $897,30 per troy ounce. Prices on other metals on Thursday were closed multidirectionally. Contract on silver delivery increased on $0,435, or on 3%, by $16,275 per troy ounce, which permits to estimate American dollar cost with respect to basket of six main currencies, fell on 0,7% by 75,885.

London morning fixing on 11 January constituted $893,75 per ounce, when rate of National Bank of Ukraine was fixed on the mark $874,25 per ounce.

Comments of Roman VALESYUK, Senior Vice-Chairman of the Board on precious metals market. 11 January, 2008.

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