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2008

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Quotations increase at precious metals market

As of 15 February situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $904,70-$911,80 per ounce. While opening New-York commodity exchange gold on bids was at the level $909,80, then increased a little bit. 14 February at commodity exchange in New-York closure was fixed on the mark $908,20 per ounce.

Futures quotations on gold on Thursday were closed practically without changes. Futures on gold at СОМЕХ increased on 60 cents, by USD 910,80 per ounce. By the moment of US dollar rate decrease bids on gold were almost finished, so that behavior of American currency could not define direction. Silver futures were closed with decrease. Silver prices decreased on 9,8 cents, by USD 17,255.

London morning fixing 15 February constituted $909,75 per ounce, when rate of National Bank of Ukraine was set on the mark $910,85 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. 15 February, 2008.

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