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2008

Archive » 2007 , 2008

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Gold quotations decrease and increase at precious metals market

As of 22 January situation at precious metals market was characterized by quotations decrease and increase. Today during morning trade session in Asia gold was traded at the level $885,00-$850,00 per ounce. While opening New-York commodity exchange gold caused changes at the market, having returned to mark $885,00. There was day off in the honor of Martin Luther King Day celebration on the 21 of January in the USA. It also caused such panic at the markets.

Downfall of morning gold price is also connected with downfall of Asian stock market, caused by prices landslide on raw materials goods and investors' anxiety due to world economics state. Gold metal downfall is also explained by oil price decrease.

London morning fixing constituted $862,00 per ounce, when rate of National Bank of Ukraine was fixed on $874,25.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. 22 January 2008.

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