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2008

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Gold futures became more expensive

As of June 12, situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $865,00 — $874,80 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $866,00, then slightly increased. June 11, at New York Mercantile Exchange closure was fixed on $880,20 per ounce.

Next oil prices increase and USD decrease supported gold futures. Gold futures (in accordance with bids at COMEX) became more expensive $11,70 — by $882,90 per ounce. Quotations of silver futures increased 22 cents — by $16,855 per ounce.

June 13, gold price is expected within $862,00-$872,00 per troy ounce. Such prices decrease is stipulated by US economy development.

London morning fixing on June 12, constituted $871,25 per ounce, when rate of the National Bank of Ukraine was set on $874,25 per ounce.

Comments by Roman VALESYUK, Senior Vice Chairman of the Board of PRAVEX-BANK on precious metals market. June 12, 2008.

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News thrue june
2008

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