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2008
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Quotations decrease at precious metals market
As of August 26, situation at precious metals market was characterized by quotations decrease during the first part of the day. Today at morning trade session in Asia, gold was traded at $807.00-$821.00 per ounce. Gold trade on New York Mercantile Exchange was opened at $809.20, afterwards it increased somewhat. On 25 August, New York Mercantile Exchange closure was fixed at $820.00 per ounce.
Prices for gold and silver dropped on Friday's trading results. Large-scale decrease of oil prices and US currency growth renewal established bear tendencies on precious metals market. October gold futures closed at $825.10 per ounce. October silver futures closed at COMEX at the level of $13.37 per ounce.
On August 27, gold price is expected within the range $822.00-$830.00 per ounce.
London morning fixing on August 26 amounted to $809.75 per ounce, while the exchange rate of the National Bank of Ukraine was fixed on August 22 at $830.00 per ounce.
Comments on precious metals market by Roman Valesyuk, Senior Vice-Chairman of the Board of JSCB "PRAVEX-BANK". August 26, 2008.
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News thrue august
2008
- Currency rates increase at the depo-market
- Quotations stabilization at precious metals market
- US dollar continued to strengthen its position at Ukrainian interbank foreign exchange market
- Quotations increase on precious metals market
- At COMEX trading the price of December gold futures grew up
- At DEPO-market the growth of UAH short term credit rates is stated
- Pair Euro/US dollar reached the next minimum
- At the DEPO-market recourses cost decreased
- Precious metals futures quotations increased
- At Ukrainian interbank foreign exchange market the US currency continued its upward growth
- At DEPO-market UAH credit rates considerably increased
- Gold futures price regained positions lost the day before
- December gold futures price increased
- At DEPO-market overnight credit rates skyrocket
- December gold futures quotations decreased
- At Ukrainian interbank foreign exchange market the US currency strongly dropped in price against Hryvnia
- Quotations decrease on precious metals market
- Increase in precious metals quotations
- Todays session at the Ukrainian interbank foreign exchange market went off according to previous two days scenario
- Decrease in quotations of December gold futures
- UAH credit rates at DEPO-market increased to new upper limits
- Quotations decrease at precious metals market
- Trading session went off without significant changes at the Ukrainian interbank foreign exchange market
- Gold quotations decrease at precious metals market
- Rates increase on interbank credits at DEPO-market
- At DEPO-market rates keep growing on interbank credits in UAH
- Quotations stabilization is observed at precious metals market
- Hryvnia keeps strengthening at Ukrainian interbank foreign exchange market
- Hryvnia started strengthening again at Ukrainian interbank foreign exchange market
- Gold prices kept decreasing
- Quotations decrease on the market of the precious metals
- The DEPO-market decreased the rates for the interbank loans in hryvnias
- Slight decrease of quotations at precious metal market
- The bidding on the Ukrainian interbank currency market do not have big changes
- US dollar slightly weakened its position against UAH at Ukrainian interbank foreign exchange market
- August 4, gold price is expected within $902,00-$917,00 per ounce
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