Tuesday, November 28 2017 18:21
Alina Hovhannisyan

Prices for precious metals changed the trend from the descending to the ascending in Armenia

Prices for precious metals changed the trend from the descending to  the ascending in Armenia

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.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000