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2008

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Quotations increase at precious metals market

As of 06 February situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $890,80-$896,50 per ounce. While opening New-York commodity exchange gold at bids was at the level $896,30, then increased a little bit. 05 February at commodity exchange in New-York closure was fixed at the figure $886,60 per ounce.

Gold and silver prices on Tuesday finished bids by sharp decrease after USD increase and stock indexes decrease having caused long sale of metals. Gold prices will depend on exchange rate. Gold futures at New-York commodity exchange decreased on USD 19,10, by USD 890,30 per ounce. Silver futures decreased on 43,5 cents, by USD 16,345. After closure of gold, Euro/Dollar pair decreased by 1,4644 against 1,4829 at the end of bids on Monday. Traders often buys gold to insure from USD decrease and sell metal while gold increasing.

London morning fixing on 06 February constituted $892,00 per ounce, when rate of National bank of Ukraine was fixed on the mark $889,75 per ounce.

Comments of Roman Valesyuk, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK" on precious metals market. 06 February, 2008.

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