ArmInfo. In Armenia at the current Week precious metals fell 1.1%, against the increase in prices by 0.9% a week earlier. Moreover, this week all precious metals have fallen in price, except for palladium, the price of which in the reporting period changed the descending the trend to upward.
As "State treasury of precious metals and stones" of the Armenian Ministry of Finance reported to ArmInfo, from May 1 to May 7, 2017 the following selling prices for precious metals were established: gram of gold (measured bars) - 19736,17 AMD (weekly change from 0.9% growth to 1.1% decline), silver - 276.75 AMD (acceleration of the weekly decline from 0.3% to 2.4%), platinum - 14831.21 AMD (change of the weekly dynamics from 1.9% growth to 2.6% decline) and palladium - 12514.44 AMD (change of weekly dynamics from 1.3% decline to 1.7% growth).
According to international exchanges, May 3, 2017, at 19:24 Moscow time. The spot price of the troy ounce of gold was $ 1248.76 (daily decline by 0.02%), silver - $ 16.61 (daily decline by 0.06%), platinum - $ 909 (without diurnal changes), and palladium - $ 808 (daily decline by 0.12% %).
The precious metal markets are now falling under the influence of the strengthening USD rate, but activity in the market remained low on the eve of the results of the meeting of the US Federal Reserve. Geopolitical tensions in the world are declining, investors are increasing interest in risky assets, which is unfavorable for the precious metals markets.
Gold prices fell yesterday to $ 1252 per troy ounce, after which they again returned to the level of $ 1254 in anticipation of the results of the FRS meeting. The nearest levels of support in gold are $ 1252- $ 1248, resistance levels - $ 1258- $ 1266. Prices for silver fell to $ 16.74 per troy ounce in correlation with the gold market, after which they grew to $ 16.82. The dynamics of the silver market is more negative than the gold market, due to the active trading of spreads. The ratio of gold to silver increased to 74.64 points. The ratio of platinum to silver is 54.82 points. The nearest support levels in silver are $ 16.74- $ 16.50, resistance levels are $ 16.90- $ 17.28. Prices for platinum fell to $ 916 per ounce, after which they grew to $ 920. The spread between gold and platinum is $ 334/ounce. The nearest support levels in platinum are $ 915- $ 903, resistance levels are $ 930- $ 945. Prices for palladium yesterday tried to grow to $ 823 per ounce, after which they dropped to $ 806. The nearest support levels in palladium are $ 800- $ 790, resistance levels are $ 823- $ 830.
Stocks in silver ETF funds have grown, stocks in ETF-funds of other precious metals have not changed.