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2008

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Gold quotations decrease at precious metals market

As of April 2, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $884,00-$890,00 per ounce. Gold trade on New York Mercantile Exchange was opened at $890,90 level, afterwards it decreased somewhat its position. On April 1, New York Mercantile Exchange closure was fixed at $883,50 per ounce.

Gold prices and other precious metals dropped sharply on Tuesday against the background of long positions liquidation provoked by the US dollar strengthening. Gold futures according to COMEX trading results fell in price by $33,70 — up to $887,80 per Troy once. Silver futures decreased by 42 cents up to $16,89 per ounce. Gold prices often change in the inverse relationship of the dollar rate. The dollar index rose by 0,764 points up to 72,566 at the moment of gold trading closure.

London morning fixing on April 2 constituted $893,50  per ounce, while the National Bank of Ukraine rate was established at $897,00 mark per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. April 2, 2008.

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News thrue april
2008

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