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2008

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Quotations decrease at precious metals market

As of June 6, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $878,00 — $885,00 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $883,90, then slightly decreased. June 5, at New York Mercantile Exchange closure was fixed on $878,00 per ounce.

Gold price decreased without returning of losses suffered during trade session. In accordance with results of regular session in New York Mercantile Exchange, NYMEX, futures on gold supply became cheaper $8,30 (or 1%) — by $875,50 per troy ounce. During bids gold price fell to $868,00 per troy ounce. Contract on silver supply increased $0,23 (or 1,4%) — up to $17,17 per troy ounce.

June 9, gold price is expected within USD 880,00-890,00 per ounce.

 London morning fixing on June 6, constituted $883,50 per ounce, when rate of the National Bank of Ukraine was set on $873,00 per ounce.

Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK. June 6, 2008.

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News thrue june
2008

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