Financial news

Quotations increase at precious metals market keeps growing

As of 14 January situation at precious metals market was characterized by quotations increase. Today during morning trade session gold was traded at the level $895,20-$910,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $907,30, then slightly decreased. 11 January at commodity exchange in New-York closure was fixed at the figure $894,90 per ounce.      

Gold price, probably, in nearest future will be fixed higher than $900 per troy ounce. In accordance with results of trade session of commodity exchange February contract on gold delivery increased on $4,10, or on 0,5%, by $897,70 per troy ounce. During bids gold price was increased by $900,10 per troy ounce. During previous week gold became more expensive on $32 per troy ounce. Silver delivery contract increased on $0,095, or on 0,6%, by $16,37 per troy ounce.

London morning fixing on the 14 of January constituted $911,50 per ounce,  when rate of National Bank of Ukraine was set on the mark $893,75 per ounce.

Comments of Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. 14 January, 2008.  

[You can subscribe for Banks news.]