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Bank in MM2008
Archive » 2007 , 2008
Financial news
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Gold price increased a little on Thursday
As of June 26, situation at precious metals market was characterized by quotations increase before noon. Today at morning trade session in Asia, gold was traded at $888.70-$897.10 per ounce. Gold trade on New York Mercantile Exchange was opened at $895.20 level, afterwards it increased its position. On June 25, New York Mercantile Exchange closure was fixed at $885.7 per ounce.
Gold price increased significantly on Thursday as a certain Fund bought considerable amount of gold. Besides, latest data show the US economy slow-down and the USD abatement. Inflation risks proved to be too high and resulted in consumer prices jump being accompanied with oil and gold prices increase. The US dollar decreased following the publication of Fed's decision on interest rates and reached twelve sessions low against the Euro.
Yesterday's gold fixing in London on June 25 was $882.95 in comparison with $889.50 index shown on the previous day. Gold futures price made up $882.30. Silver futures price was $16.503.
On June 27, gold price is expected within the range of $892.00-$910.00 per Troy ounce. This insignificant price increase is caused by recurrent character of the market (every drop in prices to ceratin level is followed by prices increase).
London morning fixing on June 26 amounted to $892.50 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $887.25 per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK". June 26, 2008.
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News thrue june
2008
- Quotations decrease at precious metals market
- At DEPO-market trading was inactive
- June 25, gold price is expected within $885,00— $895,00 per troy ounce
- On June 24, gold price is expected within the range of $875.00-$885.00 per Troy ounce
- Rates increase at DEPO-market
- Quotations increase at precious
- Quotations increase at precious metals market
- The US dollar increased at the Ukrainian interbank foreign exchange market towards trade session closing
- June 19, gold price is expected within $880,00-$890,00 per troy ounce
- Rates increase at DEPO-market
- Gold futures increased in price
- The US dollar kept decreasing at the Ukrainian interbank currency market
- At the International foreign exchange market USD reached its maximum level for the last month against all main European currencies
- At international foreign exchange market USD kept growing after one day of correction
- Gold futures became more expensive
- Quotations decrease at precious metals market
- At the international foreign exchange market USD entered the phase of correction
- On June 11, gold price is expected within the limits of $870.00-$887.00 per ounce
- At the international foreign exchange market USD increased against main world currencies
- Quotations decrease at precious metals market
- The US dollar began to regain lost positions at the International foreign exchange market
- Quotations decrease at precious metals market
- The US dollar exchange rate decreases against the hryvnia at the Ukrainian inter-bank foreign exchange market
- Gold futures price decreased
- USD Supply and demand are relatively balanced without the NBU interference
- Quotations decrease at precious metals market
- At DEPO-market, there is a tendency towards credit rates decrease in national currency
- Gold price is expected within $891,30-$901,60 per ounce on June 4
- At international foreign currency market the US dollar reached its high against the euro for the last two and half week
- Quotations increase at precious metals market
- USD growth against EUR and GBP