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Bank in MM2008
Archive » 2007 , 2008
Financial news
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Gold and silver prices decreased because of sharp oil prices decrease and USD rate growth.
As of July 17, situation at precious metals market was characterized by quotations decrease during the first half of the day. Today at morning trade session in Asia, gold was traded at $955,00-$968,50 per ounce. Gold trade on New York Mercantile Exchange was opened at $955,50, afterwards it increased somewhat its position. On July 16, New York Mercantile Exchange closure was fixed at $963,50 per ounce.
Gold and silver prices decreased on July 17, because of sharp oil prices decrease and USD rate growth. August gold futures for delivery according to COMEX bids results dropped by $16,00 — to $962,70 per troy ounce. As the bids continued gold prices was dropping to $959,00 per troy ounce. September contract for silver delivery has dropped in price by $0,21 — to $18,81 per troy ounce.
For July 18, price for gold is expected within the range of $965,00-$975,00 per troy ounce. Such gold prices change is the result of unstable oil prices and not substantial strengthening of American currency. So, gold is tending to return its once lost position.
London morning fixing on July 17, amounted to $964,00 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $974,00 per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of JSCB PRAVEX-BANK Board. July 17, 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
- 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
- Gold futures increased in price
- 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