In Armenia, precious metals began to grow in price

ArmInfo. This week, precious metals in Armenia rose 1.1%, after a reduction of 1% a week earlier. The improvement of the trend from the descending to the ascending one caused palladium more than gold, silver and platinum.

The following selling prices for precious metals were established from 6 november to 12 November 2017:  gold gram (measured bars) - 19844.64 AMD (change of weekly dynamics from 1% decline by 0.5% growth), silver - 263.50 AMD (change of weekly dynamics from 1% decline to 0.4% growth), platinum - 14376.55 AMD (change of weekly dynamics from 0 , 9% decline in 1% growth), and palladium - 15354.53 AMD (change of weekly dynamics from 1.1% decline to 2.4% growth).

According to international exchanges, November 8, 2017 at 17:43 Moscow time the spot price of a troy ounce of gold was $ 1285.5 (daily growth of 0.06%), silver - $ 17. 17 (daily growth of 0.18%), platinum - $ 936 (daily growth of 0.11%) and palladium - $ 1012 (daily decline of 0.1%).

The precious metals markets are growing today against the backdrop of a weakening US dollar and a downwardly correcting stock market. The political situation in the world remains tense, but it does not support the precious metals markets. Gold prices recovered to $ 1279 per troy ounce after a decline to $ 1274, market volatility remains low due to the lack of influence of significant factors. The nearest levels of support in gold are $ 1274-1245, resistance levels are $ 1280-1293. Prices for silver were down to $ 16.93 per ounce in correlation with the gold market, after which they grew to $ 17,039. The ratio of gold to silver is 75.23 points. The ratio of platinum to silver is 54.29 points. The nearest support levels in silver are $ 16.93-16.60, resistance levels are $ 17.17-17.48. Prices for platinum fell again to $ 923 per ounce in correlation with the gold market, after which they grew to the level of $ 930. The spread between gold and platinum is $ 353 / oz. The spread between platinum and palladium is - $ 70.2 / ounce. The nearest support levels in platinum are $ 923-907, resistance levels are $ 933-949. Prices for palladium in correlation with other precious metals markets declined to $ 991 per ounce, then recovered to $ 997. The nearest support levels in palladium are $ 991-968, resistance levels are $ 998-1010.

Stocks in palladium ETF funds declined, stocks in the remaining ETF-funds of precious metals did not change.