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Archive » 2007 , 2008
Financial news
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Gold futures increased in price
As of July 10, situation at precious metals market was characterized by quotations increase. Gold futures quotations increased on Thursday thanks to purchases against the background of oil price increase, the US dollar decrease and fears concerning mortgage market in the USA.
According to trade results on the New York Mercantile Exchange, August futures on gold increased in price by USD 13.40 — up to USD 942.00 per Troy ounce. Gold trade on New York Mercantile Exchange was opened at $930.75 level, and closed at $939.50 per Troy ounce.
Oil futures quotations met support at the level of USD 135 per barrel, while the dollar decreased, both these factors together with fears concerning mortgage credits having supported gold market.
Soon after oil trade closure, August futures increased by USD 1.23 — up to USD 137.28 per barrel, while the US dollar index in London dropped more than by 0.02%.
Gold prices began already to grow up before trade opening in New York due to purchase by Asian participants of the market.
Metals price increase on London metal Exchange also stimulated increase in price of gold on bids in New York.
Silver also went up taking into account increase in price of oil and the USD decrease.
September silver futures quotations according to bids results increased by 14.5 cents — up to USD 18.32 per ounce.
In the meantime, October platinum futures according to bids results increased in price by USD 26.40 — up to USD 1,998.40 per ounce while September palladium futures were closed with $3 increase — at the level of USD 452 per ounce.
Platinum increased in price already in Asia, and went on growing in price in New York.
Today at morning trade session in Asia, gold was traded at $941.30 — $967.40 per ounce.
London morning fixing on July 11 amounted to $949.00 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $930.75 per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB "PRAVEX-BANK" Board. July 10, 2008.
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News thrue july
2008
- Insignificant decrease of quotations on precious metals market
- Rates growth is observed on all kinds of credits at DEPO-market
- Quotations decrease on precious metals market
- US dollar reached an all-time high against Euro and Swiss Franc
- Gold price is expected within $923, 00-$932, 00 per ounce on July 30
- Quotations stabilization on precious metals market
- US dollar continues to be in demand at the Ukrainian interbank foreign exchange market
- On depositary market stated decrease of local currency interbank credit rates
- Quotations of gold futures at СОМЕХ became stable
- Gold futures quotations dropped on Thursday as a result of fund markets’ growth.
- FOREX market overview on Thursday July 24, 2008
- Gold prices decrease followed oil prices decrease and stabilization of USD
- US dollar growth against Euro and Swiss Franc
- Gold quotations increased at the precious metals market
- Fluctuation of rates on depository market
- Prices for gold and silver went down as a consequence of oil price decrease on July 21
- The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market
- Gold and silver prices have decreased after the oil price decrease
- On DEPO-market the crediting rates in local currency have shown the tendency to light growth
- Gold and silver prices decreased because of sharp oil prices decrease and USD rate growth.
- Main currency pairs were traded within a narrow price range.
- US dollar price moves up after oil futures drop
- Gold and silver prices stop escalating after oil prices drop
- Monday raise of gold and silver prices
- Swiss franc almost equals to US dollar
- Pound sterling restarted to move slowly upward
- Quotations of futures for precious metals increased by the highest level
- At DEPO-market rates on interbank credits keep decreasing before the weekend.
- Precious metals became more expensive
- USD started strengthening while European session opening
- Oil prices decrease caused pressure on gold quotations
- Hryvnia liquidity saturation still present at the DEPO-market
- Situation at gold market just reflects movement at the foreign exchange market
- US dollar keeps increasing
- Prices on gold and other precious metals increased
- US dollar showed insignificant growth against Euro and Swiss franc
- At the beginning of next week US dollar will slightly increase its price
- Quotations increase at precious metals market
- US dollar is under the pressure at Ukrainian interbank foreign exchange market
- Gold prices increase at precious metals market