ArmInfo. In Armenia, this week prices for precious metals slightly accelerated growth rates - to 0.2% from 0.01% last week. Moreover, during the reporting period only silver was delayed in a downtrend, while gold and palladium continued to grow in price, and platinum changed the vector from a decline to growth.
According to the state treasury of precious metals and stones of the Ministry of Finance of Armenia, following selling prices for precious metals were established from December 4 to December 10, 2017: gold gram (measured ingots) - 20036.61 AMD (acceleration of weekly growth from 0.01% up to 0.02%), silver - 261.47 AMD (acceleration of the weekly decline from 0.4% to 1.4%), platinum-14681.25 AMD (change of weekly dynamics from 0.03% decline to 1% growth), and palladium - 15736.83 AMD (acceleration of weekly growth from 0.7% to 1%).
According to international exchanges, December 7, 2017 at 11:37 Moscow time. The spot price of a troy ounce of gold was $ 1258.5 (daily growth by 0, 01%), silver - $ 15. 98 (without diurnal changes), platinum - $ 904 (without diurnal changes) and palladium - $ 1001 (without diurnal changes). The precious metal markets are now falling under the influence of growth in the US stock market and strengthening the US dollar. A small increase is observed in palladium.
Gold prices fell from $ 1,270 to $ 1258 per troy ounce. Investors are in anticipation of the December meeting of the US Federal Reserve. The nearest levels of support in gold are $ 1245-1220, resistance levels are $ 1270-1290.
Prices for silver in correlation with the gold market fell from $ 16.145 to $ 15.90 per ounce. The ratio of gold to silver is 79.15 points. The ratio of platinum to silver is 56.66 points. The nearest support levels in silver - $ 15.88-15.70, resistance levels - $ 16.15-15.40.
Prices for platinum in correlation with the gold market dropped from $ 920 to $ 899 per ounce. A significant reduction in prices can lead to testing a three-year price minimum. The spread between gold and platinum is $ 362 / oz. The spread between platinum and palladium again expanded to - $ 92 / ounce. The nearest levels of support in platinum- $ 897-832, the resistance levels are $ 903-916.
Prices for palladium fell to $ 980 per ounce in correlation with the fall of the stock market, after which the market recovered to $ 990. The nearest support levels in palladium are $ 980-969, resistance levels are $ 993-1017.
Stocks in gold and palladium ETFs fell, stocks in silver ETF funds increased.