Financial news

April 24, gold price is expected on the mark $920,00 per ounce

As of April 23, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $908,00-$920,00 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $909,00, then slightly decreased. On April 22, closure was fixed on the mark $916,20 per ounce at New York Mercantile Exchange.

On Monday, gold prices at bids in New York increased being supported at the expense of stock market and very high increase of Euro, oil prices. In accordance with results of bids at СОМЕХ, prices of gold futures increased $7,60 — up to $925,20 per troy ounce. Silver futures were also supported due to oil prices increase and US dollar decrease. Besides the reason for silver becoming more expensive caused prices increase on base metals, showing positive perspectives of demand. Silver futures became more expensive on 35 cents and finished bids on the mark $17,71 per ounce.

April 24, gold price is expected on the mark in $920,00 per ounce.

London morning fixing on April 23, constituted $916,25 per ounce, when rate of National Bank of Ukraine was set on the mark $920,75 per ounce.

Comments of Roman Valesyuk, Senior Vice Chairman of the Board of PRAVEX-BANK. April 23, 2008.

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