Tuesday, February 7 2017 20:50
Alina Hovhannisyan

In Armenia the prices of precious metals have accelerated the growth from 0.3% to 0.8%

In Armenia the prices of precious metals have accelerated the growth  from 0.3% to 0.8%

ArmInfo. In Armenia the  weekly growth for precious metals accelerated from 0.3% to 0.8%.  Upward dynamics led to gold, silver, platinum, and palladium  cheapened.  Gold came out of decline in the growth dynamics, silver  went to zero growth, platinum began to go up faster, but palladium  has replaced the upward trend to downward.

The State Depository of  Precious Metals of the  Armenian Ministry of Finance has told ArmInfo  that the following  selling prices have been set for precious metals  for February 6-12:  gold (small bars) - 18873.33 AMD per 1g (0.5%  decline  versus 0.5% growth), silver - 271.56 AMD (2.4% growth),  platinum - 15487.30 AMD  (1% growth versus 0.8%), and palladium  -  11727.21 AMD (1% growth against 0.96% decline).

By the data of international stock markets, as of February 7, 2017,  17:41 pm Moscow time, the spot price of 1 troy ounce of gold made up   $1231.8 (daily growth by 0.05%), silver - $17.8 (daily growth by  0.23%), platinum - $1010 (daily decline by 0.1%), and palladium -  $771 (with no changes versus). Precious Metals Markets today are  reducing under the influence of a strengthening US dollar and upward  movement in the US stock market. Representatives of regulators  continue to influence the market by verbal speculation

Gold prices yesterday tested the resistance level of $ 1237.5 per  ounce, and then fell to the level of $ 1231.  Strengthening of the US  dollar affects the market negatively. The nearest support levels in  gold are $ 1220- $ 1212 resistance levels - $ 1237- $ 1245.

Silver market yesterday grew to the level of $ 17.78 per troy ounce,  after which prices fell to the level of $ 17.61. The ratio of gold to  silver is 69.61 points. platinum to silver ratio of 57.21 points. The  nearest support levels in silver - $ 17,58- $ 17,39, resistance  levels - $ 17,78- $ 17,96.

Platinum prices grew yesterday to the level of $ 1018 per troy ounce,  which sank to the level of $ 1010.  The spread between gold and  platinum is $ 224 / ounce. The nearest support levels in platinum- $  1007- $ 988 $, resistance levels - $ 1018- $ 1049.

Palladium Prices tested the level of $ 775, and then fell to a level  of $ 764. The nearest support levels in palladium - $ 755- $ 74  resistance levels - $ 775- $ 798.  Investment demand for gold  ETF-funds grew again, stocks of platinum ETF-funds continued to  decline.


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