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2008

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Gold and silver prices increase at precious metals market

As of May 26, situation at precious metals, market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $926,40 per ounce. May 23, closure was fixed on $924,20 per ounce at New York Mercantile Exchange.

Gold prices in New York increased as USD decrease moderated sharp course of bids at oil market and allowed gold to become more expensive under conditions of low bids volume before long holidays in the USA. Quotations of gold futures (in accordance with bids results at СОМЕХ) increased on $7,50 — up to $925,80 per troy ounce. Silver prices increased following gold, in accordance with bids results they increased 26,5 cents — up to $18,29 per ounce.

May 27, gold price is expected within $925,00-$930,00 per ounce.

London morning fixing on May 26, constituted $922,25 per ounce, when rate of National Bank of Ukraine was set on $928,25 per ounce.

Comments by Roman VALESYUK, Senior Vice Chairman of the Board of PRAVEX-BANK on precious metals market. May 26, 2008.

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News thrue may
2008

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