Friday, April 6 2018 19:17

ArmInfo. Prices for precious metals in Armenia showed a meager growth (by 0.03%), against a decline of 0.5% a week earlier. The rising dynamics was triggered by the rise in price of gold and silver. In this case, platinum and palladium retained the negative vector.

As "State Treasury of precious metals and stones" of the RA Ministry of Finance reported to ArmInfo, from April 2 to April 8, 2018 the following selling prices for precious metals were established: gram of gold (measured bars) - 20671,38 AMD (acceleration of weekly growth from 0,2% up to 1.2%), silver - 254.43 AMD (change of weekly dynamics from 1% decline to 0.7% growth), platinum - 14584.22 AMD (slowing down the weekly decline from 1% to 0.5% %) and palladium - 15069.08 AMD (acceleration of the weekly decline from 0.4% to 1.3%).

According to international exchanges, April 6, 2018 at 17: 35 MSK. The spot price of troy ounce of gold was $ 1333.4 (daily growth by 0.08%), silver - $ 16.5 (daily growth by 0.12%), platinum - $ 916 (without daily changes) and palladium - $ 909 (daily decline in 0.11%).

Gold, silver and platinum markets are now falling under the influence of the strengthening USD rate, and the palladium market is recovering after a significant decline the day before in correlation with the stock market.

Gold prices rose to $ 1335 for one troy ounce, after which the prices went down to $ 1328. Consolidation in the range continues. The nearest levels of support in gold are $ 1325-1300, resistance levels - $ 1365-1390.

The price of silver in correlation with the gold market rose to $ 16,415 per ounce, after which it dropped to $ 16.29. Fundamentally, the silver market remains worse than the gold market. The ratio of gold to silver is 80.91 points. The ratio of platinum to silver is 55.82 points. The nearest support levels in silver are $ 16.25- 15.90, resistance levels are $ 16.42-16.85.

Prices for platinum against the expected decline in industrial consumption fell to $ 910 per ounce, after which they grew to the level of $ 915. The spread between gold and platinum is + 416 $/ounce. The spread between platinum and palladium turned in favor of platinum and is + 4.8 $/ounce. The nearest support levels in platinum are $ 910- 876, resistance levels are $ 920-943.

Prices for palladium declined to a strong support level of $ 895 per ounce in correlation with the fall of the stock market, then recovered to $ 901. The nearest support levels in palladium are $ 896-858, resistance levels are $ 903-924.

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