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2008

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Quotations decrease of gold futures

As of April 25, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $885,50-$890,10 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $887,00 then slightly decreased. April 24, at New York Mercantile Exchange closure was fixed on the mark $886,40 per ounce.

Quotations of gold futures sharply decreased. Funds sold gold, silver, platinum and palladium, as US dollar was strengthened and oil prices decreased. In accordance with results of bids at СОМЕХ quotations of gold futures decreased on $19,60 — by $889,40 per troy ounce. Silver price decreased following gold. Silver futures became cheaper 50,8 cents and finished bids on the mark USD $16,768 per ounce.

April 29, gold quotations are expected within $883,00-$907,00 per ounce.

London morning fixing on April 25, constituted $883,50 per ounce, when rate of National Bank of Ukraine was set on the mark $900,75 per ounce.

Comments by Roman VALESYUK, Senior Vice Chairman of the Board of PRAVEX-BANK on precious metals market. April 25, 2008.

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News thrue april
2008

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