ArmInfo. Metals in Armenia continue to lose value. However, this week, the slowdown slackened somewhat as a result of a change in the trend of palladium from the descending to the ascending trend. So, this week prices for precious metals declined by 0.8%, after a decline of 2.2% a week earlier.
As the State Treasury of Metals of the Ministry of Finance of Armenia told ArmInfo, the following selling prices for precious metals were established from 17 to 23 July 2017: gold gram (measured bars) - 18,738.57 AMD (slowing down of the weekly decline from 2% to 0,7%), silver - 240.88 AMD (slowing down the weekly decline from 3.6% to 2.8%), platinum - 13949.77 AMD (slowing down the weekly decline from 1.3% to 0.4%) and palladium - 13106,95 AMD (change of weekly dynamics from 1.8% decline to 0.9% growth).
According to international exchanges, July 19, 2017 by 17: 23 Moscow time, the spot price of troy ounce of gold was $ 1241 (daily decline by 0.03%), silver - $ 16.32 (daily growth of 0.06%), platinum - $ 925 (without daily changes) and palladium - $ 873 (without daily changes).
Today, the precious metal markets are slightly lower under the influence of a small strengthening of the USD and the growing American stock market. Gold prices rose to $ 1244 a troy ounce yesterday, but could not go up, and then adjusted down to $ 1238. Activity on the market is seasonally low. The nearest levels of support in gold are $ 1236- $ 1225, resistance levels - $ 1244- $ 1248.
Silver prices tested a level of $ 16.30 per ounce, after which they dropped to $ 16.16. Growth is due to the active closure of short positions. Additional pressure on silver prices has a weakness in base metals. The ratio of gold to silver is 76.27 points. The ratio of platinum to silver is 56.55 points. The nearest support levels in silver are $ 16.05- $ 15.60, resistance levels are $ 16.30- 16.48.
Prices for platinum rose to $ 934 per ounce in correlation with the gold market, after which they dropped to the level of $ 922. The spread between gold and platinum is $ 320/ounce. The spread between platinum and palladium is $ 58.5/ounce. The nearest support levels in platinum are $ 920- $ 907, resistance levels are $ 925- $ 935.
Prices for palladium rose to $ 867 per ounce, after which they dropped to $ 859. The nearest support levels in palladium are $ 850- $ 830, resistance levels are $ 867- $ 880.
Stocks in silver and platinum ETF funds again showed growth, stocks in gold funds fell slightly, stocks in palladium funds did not change.