Wednesday, May 31 2017 18:27

ArmInfo. The temps  growth of prices on precious metals in Armenia has been slackening the previous week  for 1.1, for 0.1% this week.  Thus, this week, descending dynamic continues to demonstrate palladium, while gold, silver and platinum maintained the trend. The State Depository of Precious Metals and Precious Stones of the Armenian Ministry of Finance has told ArmInfo  that the following selling prices have been set for precious metals : gold (small bars) - 19487.60 AMD per 1g (1.4% to 0.7% growth temp slackening  ), silver - 264.97 AMD (growth temps slackening ), platinum - 14665.08 AMD (2.5 % drop versus 0.8%  growth), and palladium  - 11899.72 AMD (Acceleration of the weekly decline from 2.3% to 2.8%).

According to international exchanges,  on May 31, 2017 at 16:37 Moscow time the spot price of a troy ounce of gold was $ 1264.9 (daily decline by 0.01%), silver - $ 17.35 (without diurnal changes), platinum - $ 945 (without daily changes), and palladium - $ 813 (daily growth of 0.12%). Today, gold, platinum and palladium markets are growing, and the silver market is declining, the US dollar is weakening, the US stock market is growing. Markets come to their senses after long holidays, trading activity began to grow.

Gold prices fell to the level of $ 1262 per one ounce, after which they grew to the level of $ 1266. Trading activity remained low. The nearest levels of support in gold are $ 1262- $ 1255, resistance levels - $ 1267- $ 1294.

Prices for silver in correlation with the gold market declined to $ 17.22 per ounce, after which they recovered to $ 17.29. The ratio of gold to silver is 72.58 points. The ratio of platinum to silver is 54.23 points. The nearest support levels in silver are $ 17.22- $ 17.15, resistance levels are $ 17.40- $ 17.85.

Prices for platinum declined to $ 938 per ounce in correlation with the gold market, after which they grew to the level of $ 945. The spread between gold and platinum expanded to $ 328 / oz. P and C between platinum and palladium narrowed to $ 129.5 / ounce. The nearest support levels in platinum are $ 927- $ 907, resistance levels are $ 950- $ 969.

Prices for palladium recovered to $ 808.5 per ounce in correlation with the growth of the US stock market, near which currently are being traded. The nearest support levels in palladium are $ 792- $ 785, resistance levels are $ 808.5- $ 819.