Financial news

Quotations of gold futures at СОМЕХ became stable

As of July 25, situation at precious metals market was characterized by quotations rise.  Today during at morning trade session in Asia, gold was traded at $928, 10 — $934, 50 per ounce. At the opening of New York Mercantile Exchange gold at sale was at $929, 90, afterward it increased somewhat its position. On July 25, New York Mercantile Exchange closure was fixed at $926, 50 per ounce.

Quotations of gold futures at СОМЕХ became stable.

Gold futures quotations on Friday had stopped the downfall and got the support at $920, 00-$923, 00 per troy ounce, while the prices for oil grew, but still couldn't grow significantly as far as investors were closing positions. US dollar continued its flotation, falling and rising alternately.

According to COMEX trade results, New York Mercantile Exchange subdivision /NYMEX/, gold futures for August decreased in price by 50% — 922, 30 US dollars per Troy ounce.

Gold was technically supported at range $923, 00 per ounce after slump on previous days, traded with small rises and falls on Friday, but in whole without leaps.

On July 28, gold price is expected within the range of $920, 00-$930, 00 US dollars per ounce.  

London morning fixing on July 24, amounted to $932, 25 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $927, 5 per ounce.

Comments on precious metals market by R. Valesyuk, PRAVEX-BANK Senior Vice-Chairman of Management Board. July 21, 2008.

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