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2008

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Quotations increase at precious metals market

As of June 2, situation at precious metals market was characterized by quotations decrease. Today at morning trade session in Asia, gold was traded at $883.00 — $887.00 per ounce. Gold trade on New York Mercantile Exchange was opened at $886.80 level, afterwards it increased somewhat its position. On May 30, New York Mercantile Exchange closure was fixed at $886.10  per ounce.

Gold price grew up due to short positions closure as the US dollar decreased and oil increased in price. Gold futures quotations according to COMEX trading results grew up by $9.80 to $891.50 per Troy ounce. Silver futures according to bids results increased by 35 cents to $16.885 per ounce.

As of June 3, gold price is expected within the limits of $887.00-$890.00 per ounce.

London morning fixing on June 2, amounted to $891.25 per ounce, while the exchange rate of the National Bank of Ukraine was established at $879,50  per ounce.

Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. June 2, 2008.

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News thrue june
2008

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