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2008

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Quotations decrease at precious metals market

As of April 7 situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $915,00-$916,00 per ounce. While opening New York Mercantile Exchange gold on bids was at the level $916,00, then slightly increased. On April 4, closure was fixed on $913,70 per ounce at New York Mercantile Exchange.

Gold and silver at СОМЕХ became more expensive against background of US dollar rate decrease. Dollar will keep decreasing when gold is probably predisposed to increase. Quotations of gold futures increased in accordance with results of bids at СОМЕХ on $3,60 — up to $913,20 per ounce. Futures on silver became more expensive as well. Futures on silver became more expensive on 27,5 cents and finished bids on the mark $17,755.

London morning fixing on April 7, constituted $914,70 per ounce, when rate of National Bank of Ukraine was set on the mark $905,25 per ounce.

Comments by Roman VALESYUK, Senior Vice Chairman of the Board of PRAVEX-BANK. April 7, 2008.

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News thrue april
2008

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