Thursday, November 16 2017 15:45

ArmInfo. This week prices for precious metals in Armenia accelerated the upward trend to 1.5% from 1.1% a week earlier. This is due to the acceleration of the growth rates of prices for gold, silver and platinum, while maintaining the rising dynamics of palladium.

According to State Treasury of Armenian Finance Ministry, from November 13 to 19, 2017, the following selling prices for precious metals were established: gold gram (measured ingots) - 20051.98 AMD (acceleration of weekly growth from 0.5% to 1%), silver - 266.55 AMD (acceleration of weekly growth from 0.4% to 1.2%), platinum - 14550.48 drams (acceleration of weekly growth from 1% to 1.2%), and palladium - AMD 15724.85 (2.4% growth, as well as a week ago).

According to international exchanges, November 16, 2017 at 12:17 Moscow time spot price of a troy ounce of gold was $ 1278.4 (daily growth of 0.01%), silver - $ 17. 11 (without diurnal changes), platinum - $ 935 (without diurnal changes) and palladium - $ 992 (daily decline by 0.1%).

The precious metal markets continue to grow today, the palladium market continues to be adjusted downward. At the same time, the US dollar rate is strengthening, and the US stock market is growing again.

Gold prices again rose to $ 1287 per troy ounce, after which they dropped to $ 1278. Consolidation in the market continues, since there are no significant factors for the momentum in the directed movement. The nearest levels of support in gold are $ 1272-1245, resistance levels - $ 1288-1298.

Silver prices rose to $ 17,184 per ounce in correlation with the gold market, after which they fell to $ 17,035. The ratio of gold to silver is 75.25 points. The ratio of platinum to silver is 54.83 points. The nearest support levels in silver are $ 16.95-16.60, resistance levels are $ 17.20-17.48.

Prices for platinum rose to $ 941 an ounce in correlation with the gold market, after which they stabilized near the level of $ 933 under the influence of spread trading. The spread between gold and platinum is $ 347 / ounce. The spread between platinum and palladium is -53 $ / ounce. The nearest support levels in platinum are $ 929- $ 907, resistance levels are $ 940-949.

The palladium market was falling to $ 975 per ounce in correlation with the fall in the stock market, after which prices rose to the level of $ 985. The nearest support levels in palladium are $ 975-969, resistance levels are $ 988-1010.

Stocks in palladium ETF-funds have grown, stocks in other ETF-funds of precious metals have not changed.