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2008

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June 25, gold price is expected within $885,00— $895,00 per troy ounce

As of June 24, situation at precious metals market was characterized by quotations decrease during the first half of a day. Today during morning trade session in Asia gold was traded at the level $886,70-$888,10 per ounce. While opening New York Mercantile Exchange gold at bids was at the level $887,20, then slightly increased. June 23, at New York Mercantile Exchange closure was fixed on $885,7 per ounce.

Gold and silver price on Monday decreased a lot, as big fund offered for sale considerable amount of gold. But on Tuesday positions were returned to gold.

Price of gold futures: $887,20. Price of silver futures: $16,79.

As of June 25, gold is expected within $885,00— $895,00 per troy ounce. Such insignificant prices increase is stipulated by slowdown of GDP of the USA.

London morning fixing on June 23, constituted $888,25 per ounce,  when rate of the National Bank of Ukraine was set on $905,25 per ounce.

Comments by Roman Valesyuk, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. June 24, 2008.

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News thrue june
2008

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