Prices for precious metals in Armenia have slackened the upward trend from 2% to 1%

ArmInfo. Prices for precious  metals in Armenia have slowed the weekly uptrend from 2% to 1%. This  was observed for all precious metals, and more significantly for  platinum and silver.

The following selling prices for precious metals were established  from July 31 to August 6, 2017: gold gram (measured ingots) -  19327.89 AMD (a slowing of the weekly growth from 1.8 Up to 1.3%),  silver - 253.68 AMD (slowing the weekly growth from 3.4% to 1.9%),  platinum - 14278.13 AMD (slowing the weekly growth from 2% to 0.3%),  and palladium - 13277.75 (slowing the weekly growth from 0.9% to  0.4%).

According to international exchanges, August 2, 2017 at 15:33 Moscow  time, the spot price of a troy ounce of gold was $ 1268.2 (without  diurnal changes), silver - $ 16.78 (daily growth of 0.06%), platinum  - $ 950 (without daily changes) and palladium - $ 901 (daily growth  of 0.11%). Today, precious metal markets are falling under the  influence of the strengthening USD rate, but palladium is growing  slightly. Trading activity is seasonally low. The market for gold is  supported by political instability in the US, which is periodically  exacerbated by personnel reshuffles.

Gold prices tested the level of $ 1280 for one troy ounce, after  which they dropped to the level of $ 1272.  Activity in the market is  lowered due to the summer season. The nearest levels of support in  gold are $ 1270- $ 1248, resistance levels - $ 1280- $ 1296.

Prices for silver rose sharply to $ 16.95 per ounce in correlation  with the gold market, after which they dropped to $ 16.55, but again  rose to $ 16.65. The ratio of gold to silver is 75.89 points. The  ratio of platinum to silver is 56.47 points. The nearest support  levels in silver are $ 16.55- $ 16.40, resistance levels are $ 16.84-  $ 17.0.

Prices for platinum rose to $ 952 per ounce in correlation with the  gold market, then dropped to $ 943, after which they again rose to $  949. The spread between gold and platinum is $ 324.6 / ounce. The  spread between platinum and palladium is $ 51.7 / ounce. The nearest  support levels in platinum are $ 944- $ 927, resistance levels are $  952- $ 974.

Prices for palladium once again rose to $ 899 per ounce, then dropped  to $ 888, but again rose to $ 896.  The growing stock market supports  the palladium market. The nearest support levels in palladium are $  880- $ 859, resistance levels are $ 900- $ 913.

Stocks in silver ETF funds have slightly decreased, stocks in  platinum and palladium funds have grown.