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2008

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Quotations decrease at precious metals market

As of April 9, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $905,00-$912,50 per ounce. While opening New York Mercantile Exchange gold was traded at the level $906,30, then slightly increased. April 8, closure was fixed on the mark $915,40 per ounce at New York Mercantile Exchange.

Prices on gold and silver decreased after oil prices decrease and moderate USD growth. In accordance with results of bids at СОМЕХ, price of gold futures decreased USD 8,80 — by USD 918,00 per troy ounce. Silver futures decreased in price 41,2 cents and finished bids at COMEX on the mark of USD 17,708 per ounce. Silver became cheaper following gold.

Tomorrow gold futures quotations are expected within $904,00-$911,00 per ounce.

London morning fixing on April 9, constituted $906,75 per ounce, when rate of National Bank of Ukraine was set on the mark $921,00 per ounce.

Comments by Roman Valesyuk, Senior Vice Chairman of the Board of PRAVEX-BANK on precious metals market. April 9, 2008.

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News thrue april
2008

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