Expert: Last week, the range of variation of market prices of precious metals increased

Written by admin on January 28th, 2010

Last week range of variation of market prices of precious metals increased slightly. This was the first deputy chairman of the board "Brokbiznesbank Vladimir Skydan.

According to him, from 11 to 15 January the price of gold is sharply increased, then decreased, reaching a minimum level of 1,119 dollars per troy ounce and the maximum - at the level of 1,161 dollars. As the VA Skydan, "if in the early weeks of interest to the sale of gold was high, at the end of the week the trend has reversed, and investors moved from the ranks of vendors in the rank of buyers." This contributed to the declining world market the U.S. dollar, he said.

As V. Skydan, gold prices on the Ukrainian market varied within the limits: 299-304 UAH. per gram in the bullion from 100 to 1000 grams. Gold prices on world markets was in the range of 1161-1140 dollars (decrease) per troy ounce, he added.

According to the expert, "the market of precious metals from the beginning of the year is still uncertain and incomplete downloading. Perhaps that is why there are ambiguous change quotes on gold and other metals.

He believes that the global economy tries to free himself from the shackles of economic crisis last year. "According to prognoses, the restoration of the world economy sooner than expected, although all of these projections are rather fragile" - said V. Skydan. According to him, in case for reviving the global economy in the near future is likely to emerge and grow the consumption of natural resources, namely gold and oil, which in turn will adjust the price of bank metals in the direction of growth.

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