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.