In Armenia, gold increases in price, and silver, platinum and palladium become cheaper

ArmInfo. Prices for precious metals this week have slowed down the rate of decline to 0.2% from 2.6% a week earlier. A comparative improvement in the dynamics was triggered by the release of gold from the downward trend to an upward trend, with the price of silver, platinum and palladium remaining slow in some decline.

The State Depository of Precious Metals and Precious Stones of the  Armenian Ministry of Finance has told ArmInfo that from February 19 to February 25, 2018 the following selling prices for precious metals were established: gold gram (measured ingots) - 20694.85 AMD (change of weekly dynamics from 0.9% decline to 0.5% growth), silver - 257.30 AMD (deceleration of the weekly decline from 2.8% to 0.6%), platinum - 15 207.32 AMD (slowing down the weekly decline from 1.5% to 0.4%) and palladium - 15519.93 drams slowing down the weekly decline from 5% to 0.4%).

According to international exchanges, February 22, 2018 at 13: 23. The spot price of the troy ounce of gold was $ 1323.8 (daily growth was 0.01%), silver - $ 16.56 (without diurnal changes), platinum - $ 989 (without diurnal changes) and palladium - $ 1024 (without diurnal changes).

The precious metal markets today remain under pressure from the strengthening US dollar rate, which demonstrates an increase in the rate of growth after the publication of the minutes of the last meeting of the US Federal Reserve.

Gold prices rose to $ 1336 per troy ounce against the background of the publication of the minutes of the US Federal Reserve meeting, after which it dropped to the level of $ 1325. The nearest levels of support in gold are $ 1320-1310, resistance levels - $ 1340-1365.

The price of silver in correlation with the gold market rose to $ 16.68 per ounce, after which it dropped to $ 16.40. The ratio of gold to silver is 80.29 points. The ratio of platinum to silver is 60.17 points. The nearest support levels in silver are $ 16.35-16.20, resistance levels are $ 16.68-16.90.

Platinum prices in correlation with the gold market grew to $ 1002 per ounce, after which they dropped to the level of $ 991. The spread between gold and platinum is $ 337 / ounce. The spread between platinum and palladium has expanded to - $ 33 / ounce. The nearest support levels in platinum are $ 996-956, resistance levels are $ 1003-1023.

The palladium market in correlation with the stock market fell to a level of $ 1016 per ounce. The nearest support levels in palladium are $ 1014-997, resistance levels are $ 1036- $ 1083.

Stocks in gold ETF-funds have grown, stocks in other funds have not changed.