ArmInfo. Prices for precious metals in Armenia increased by 0.1% this week, against a decline of 1.8% a week earlier. The upward trend was triggered by a rise in the price of platinum and palladium, after the reduction in prices a week earlier. At the same time, gold and silver, on the contrary, changed the vector from an ascent to a decline.
The following precious metals prices were set for March 19-25, 2018: gram of gold (measured bars) - 20380.83 AMD (change of weekly dynamics from 0.2% growth by 0.5% decline), silver - 255.06 AMD (change of weekly dynamics from 0.2% growth to 0.3% decline), platinum - 14813.69 AMD (weekly change Dynamics from 2.6% decline to 0.1% growth) and palladium - 15322.85 AMD (change of weekly dynamics from 5.1% decline to 0.9% growth).
According to international exchanges, March 21, 2018 at 17:23 Moscow time. The spot price of troy ounce of gold was $ 1320.4 (daily growth by 0.05%), silver - $ 16.47 (daily growth of 0.06%), platinum - $ 951 (without daily changes) and palladium - $ 996 (without daily changes).
The precious metal markets are growing today under the influence of the weakening of the US dollar and the decline in the stock market. Despite the current pressure on prices, the general instability in stock markets and the global economy as a whole supports interest in gold.
Gold prices fell to $ 1307 per troy ounce in anticipation of the decision of the US Federal Reserve, but again rose to $ 1316. The consolidation of the market continues, purchases near the level of $ 1,300 are activated. The nearest levels of support in gold are $ 1300-1285, resistance levels - $ 1320-1343.
Prices for silver in correlation with the gold market declined to $ 16.12 per ounce, after which they grew to $ 16.27. The ratio of gold to silver is 80.94 points. The ratio of platinum to silver is 57.96 points. The nearest support levels in silver are $ 16.10-16.0, resistance levels are $ 16.32-16.48.
Platinum prices in correlation with the gold market declined to $ 943 per ounce, after which they recovered to $ 946. The spread between gold and platinum is $ 370/ounce. The spread between platinum and palladium is $ 38/ounce. The nearest support levels in platinum are $ 943-922, resistance levels are $ 955- 990.
Prices for palladium after the decline to $ 973 per ounce rose to $ 980. Weakness of the stock market and overbought have a negative impact on prices. The nearest support levels in palladium are $ 973-939, resistance levels are $ 989-1020.
Stocks in gold and silver ETF-funds have grown, stocks in other ETF-funds of precious metals have not changed.