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2008

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Quotations decrease at precious metals market

As of March 28, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia gold was traded at $943.20-$943.30 level per ounce. At New York commodity exchange opening gold at bids was at $945.00 level, afterwards it increased somewhat its position. On March 27, New York commodity exchange closure was fixed at $946.00 figure per ounce.

Gold futures fell somewhat in price during the day and closed without changes at the closure of short positions and oil price rise. Gold futures according to bids results at COMEX fell in price by 20 cents — to $954.00 per ounce. On Thursday, gold futures were traded with decrease because of insignificant profit taking against little rise of US dollar. Silver futures rose by 16.7 cents — to $18.55 per ounce. At session closure, futures rose by 18.6 cents — to $18.559.

London morning fixing on March 28 constituted $944.50 per ounce, while National Bank of Ukraine rate was established at $948.25 mark per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. March 28, 2008.

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News thrue march
2008

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