ArmInfo.In Armenia this week precious metals practically did not change in price, having risen in price only by 0.01%, whereas a week earlier there was a decrease in price by 0.4%. So, against the backdrop of a meager price increase for gold and palladium, Silver slowly continued to lose in price and platinum adjusted for cheaper prices, which, in general, led the dynamics of precious metals from the descending to the uptrend.
According to the "State treasury for precious metals and stones" Agency of the RA Ministry of Finance, the following selling prices for precious metals were established from November 28 to December 3, 2017: gram of gold (measured bars) - 20032,35 AMD (change of weekly dynamics from 0.1 % decrease by 0.01% growth), silver - 265.23 AMD (acceleration of the weekly decline from 0.1% to 0.4%), platinum - 14539.06 (change of weekly dynamics from 0.2% growth to 0,03% decline), and palladium - 15574,8 (change of weekly dynamics from 1.7% decline to 0.7% growth).
According to international exchanges, November 28, 2017 at 14:47 Moscow time, spot price of a troy ounce of gold was $ 1295.3 (daily growth of 0.02%), silver - $ 17. 13 (without diurnal changes), platinum - $ 953 (without diurnal changes) and palladium - $ 1005 (daily growth by 0.1%).
Precious metals markets grew up last week under the influence of the weakened USD. The growing stock market continued to have a negative impact on the precious metals markets.
Gold prices last week continued to consolidate in a narrow price range of $ 1277-1296 per troy ounce, and are currently near its upper boundary. The nearest levels of support in gold are $ 1277-1245, resistance levels - $ 1296-1302.
Silver prices last week rose to $ 17.15 per ounce in correlation with the gold market, after which they dropped to $ 16.98. The ratio of gold to silver is 75.92 points. The ratio of platinum to silver is 55.72 points. In October, there was an increase in demand for silver from China, which continues from the beginning of 2017. The nearest support levels in silver are $ 16.94-16.60, resistance levels are $ 17.15- 17.48.
Prices for platinum last week grew from $ 930k to $ 950 per ounce. The spread between gold and platinum is $ 347/ounce. The spread between platinum and palladium is - $ 59/ounce. Chinese demand for platinum continues to decline - for 10 months. 2017, the import of metal into the country decreased by 19%. The nearest support levels in platinum are $ 930-907, resistance levels are $ 955-970.
The palladium market consolidated over the past week in the range of $ 988-1008 per ounce, without the potential for further growth. The nearest support levels in palladium are $ 988-969, resistance levels are $ 1008-1023.
Stocks in gold and silver ETF-funds increased last week, stocks in platinum and palladium ETF-funds declined.