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2008

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Quotations decrease at precious metals market

As of April 16, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $925,00-$938,00 per ounce. While opening New York Mercantile Exchange gold on bids was at the level $937,90, then slightly decreased. April 15 closure was fixed on the mark $928,70 per ounce at New York Mercantile Exchange.

On Tuesday gold and silver prices at bids in New York increased but growth was limited and it could demonstrate that metal market would be consolidated, as it could not get support against background of record growth of crude oil prices and growth of manufacturers' prices. Euro decrease caused gold and silver prices decrease from maximum levels that were reached before. In accordance with results of bids at СОМЕХ quotations of gold futures increased on $3,30 — by $932,00 per troy ounce. Silver futures increased on 6 cents and finished bids on the mark $17,85 per ounce.

April 17, gold quotations are expected within $935,00-945,00 per ounce.    

London morning fixing on April 16, constituted $932,75 per ounce, when rate of National Bank of Ukraine was set on the mark $931,75 per ounce.

Comments of Roman Valesyuk, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK" on precious metals market. April 16, 2008.

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News thrue april
2008

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