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2008

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Quotations increase at precious metals market

As of 30 January situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $922,00-$929,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $925,20, then increased a little bit. 29 January at commodity exchange in New-York closure was fixed on the mark $924,80 per ounce.      

At bid in New-York on Tuesday futures prices on gold decreased, being under profit fixation by market participants before decision of Federal Reserve System of the USA. At bid on commodity and raw material exchange COMEX contract on gold became cheaper on $2 by $930,80 per troy ounce. On the eve there was set maximum for this contract on the market $939 per troy ounce. Soon after bids closure in New-York, contract cost $930,70 per ounce. Futures prices on silver became more expensive, in spite of profit fixation on gold and prices decrease on this metal.

At COMEX futures quotations on silver increased on 5 cents by $16,80 per ounce. On the eve maximum was fixed for this contract on the mark $16,905 per ounce.    

London morning fixing 30 January constituted $923,75 per ounce, when rate of National Bank of Ukraine was fixed on the mark $927,50 per ounce.

Comments of Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX on precious metals market. 30 January, 2008.

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