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2008
Archive » 2007 , 2008
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Quotations decrease at precious metals market
As of May 14, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $865,10 $865,30 per ounce. Gold trade on New York Mercantile Exchange was opened at $864,20 level, afterwards it increased somewhat its position. On May 13, New York Mercantile Exchange closure was fixed at $866,10 per ounce.
Gold and other precious metals prices dropped on Tuesday as a result of the US dollar increase supported by April data on retail sales in the USA. Gold futures quotations according to COMEX bids results dropped by 15,30 dollars to 869,60 dollars per Troy ounce. Silver futures dropped in price by 39,7 cents to 16,828 dollars per ounce.
For tomorrow, gold prices are expected within the range of USD 861,00-868,00 per ounce.
London morning fixing on May 14 amounted to $863,00 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $877,00 per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. May 14, 2008.
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News thrue may
2008
- US dollar increase at Ukrainian inter-bank foreign exchange market
- US dollar increases at inter-bank foreign exchange market
- US dollar increased against all European currencies
- Quotations decrease at precious metals market
- AT DEPO-market there is a clear tendency towards growth of interest rates on inter-bank credits in national currency
- At the international foreign exchange market descending trend of euro against the US dollar is being observed
- Quotations of gold and silver futures increased
- No changes at Ukrainian inter-bank market
- Situation at precious metals market
- At DEPO-market, offer in national currency remained at high level
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