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.