RA State Treasury: prices for precious metals slowed down recession

ArmInfo. Prices for precious  metals in Armenia showed a decline of 0.1%, against a decline of 1.5%  a week earlier. This was provoked by a change in the trend of silver  and platinum prices from the descending to the upward, amid a  slowdown in the decline in the value of gold and the continuing  meager decline in palladium prices.

The State Depository of Precious Metals and Precious Stones of the   Armenian Ministry of Finance has told ArmInfo,  from May 28 to June  3, 2018 the following selling prices for precious metals were  established:  gold gram (measured ingots) - 20102.13 AMD (slowing  down the weekly decline from 1.8 % to 0.3%), silver - 256.35 AMD  (change of weekly dynamics from 1.3% decline to 0.5% growth),  platinum - 13995.21 AMD (change of weekly dynamics from 2.5% %  decline on the 0.2% growth) and palladium - 15202.11 drams  (acceleration of the weekly decline from 0.5% to 0.7%).

According to international exchanges, May 31, 2018.at 15: 22 Moscow  time. The spot price of a troy ounce of gold was $ 1304.3 (daily  growth by 0.01%), silver - $ 16.6 (daily growth by 0.06%), platinum -  $ 915 (without daily changes) and palladium - $ 922 ). 

Today, the precious metal markets are growing under the influence of  the weakening US dollar. Gold prices remain consolidated in the  narrow price range of $ 1296-1306, the market again failed to  overcome the resistance level of $ 1306. The nearest levels of  support in gold are $ 1,290-1280, resistance levels - $ 1,306-1320.

Prices for silver in correlation with the gold market grew to $  16.60, after which they dropped to $ 16.57.  The ratio of gold to  silver is 78.81 points. The ratio of platinum to silver is 55.09  points. The nearest support levels in silver are $ 16.34-16.15,  resistance levels are $ 16.60-17.07.

Prices for platinum grew to $ 914 in correlation with the gold  market, after which they dropped slightly.  The spread between gold  and platinum is $ 395 / oz. The spread between platinum and palladium  has expanded to - $ 79 / ounce. The nearest support levels in  platinum are $ 902-878, resistance levels are $ 915-935.

Prices for palladium recovered to the level of $ 981, after which  again slightly decreased in correlation with the dynamics of the US  stock market. The nearest support levels in palladium are $ 966-958,  resistance levels are $ 982-998.

Stocks in gold ETF-funds increased, stocks in other ETF-funds of   precious metals did not change.