ArmInfo. In Armenia precious metals this week fell by 0.2%, after rising 2.6% a week earlier. The price vector reversed from the rise to the decline due to the more pronounced cheaper silver and platinum than the positive dynamics of gold and palladium.
As the "Gokhran Precious Metals and Stones" Agency of the Ministry of Finance told ArmInfo, the following selling prices for precious metals were set from January 21 to January 27, 2019: grams of gold (ingots) - 20144.93 drams (weekly slowdown of growth from 0.7% to 0.03%), silver - 242.71 drams (change of weekly dynamics from 1.3% growth by 0.9% decline), platinum - 12533.54 drams (change of weekly dynamics from 3.5% growth by 2.5% decline, and palladium - 21,149.75 drams (weekly growth slowdown from 4.9% to 2.5%).
According to international exchanges, January 23, 2019 at 11:17 Moscow time the spot price of troy ounces of gold was $ 1,285.7 (a daily increase of 0.11%), silver - $ 15.48 (a daily increase of 0.19%), platinum - $ 795 (without daily changes) and palladium - $ 1360 (a daily increase of 0.97% ). According to the evaluation of the independent analysts of the IAFT (the International Association of Forex Traders), in the conditions of continuing uncertainties regarding the outcome of the US trade negotiations with China and Brackzit, gold continues to be in demand for downturns. The decline in stock indices and the shot down in the US also contribute to maintaining interest in his purchases. Thus, the reduction of precious metal quotations to support around $ 1280 was used yesterday for purchases, against which they rose to resistance around $ 1,285 and are currently trying to break through it. On kickbacks up to $ 1283 gold redeem. Breaking the current resistance will allow to test the resistance in the region of $ 1290 per ounce. The loss of support for $ 1280, according to IAFT analysts, the risks of penetration will increase of $ 1277 and decrease in the direction of $ 1270 per ounce. Following gold, silver rose yesterday to $ 15.34 an ounce, and today its quotes advanced to $ 15.42. In the event of a further fall in stock indices, gold may continue to grow, and silver will again <catch up>, but the growth of its quotes can be used for sales.