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2008

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Gold price is expected within $891,30-$901,60 per ounce on June 4

As of June 3, situation at precious metals market was characterized by quotations increase. Today during morning trade session in Asia gold was traded at the level $891,30 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $887,00, then it slightly increased. June 2, closure was fixed on $890,30 per ounce at New York Mercantile Exchange.

Prices of gold futures increased on Monday (in accordance with bids in New York), due to the range of factors: thanks to investors' interests reacting to prices decrease, and demand for more secure assets for investment. Prices will not change considerably just in one direction, we will come across with movement in one as well as in second direction.

June 4, gold price is expected within $891,30-$901,60 per ounce.

London morning fixing on June 3, constituted $895,50 per ounce, when rate of the National Bank of Ukraine was set on $891,25 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. June 3, 2008.

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News thrue june
2008

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