YEREVAN, February 8. /ARKA/. The U.S. dollar rose 0.32 percentage points to 388.50 drams at NASDAQ OMX Armenia last week.

Transactions effected at this stock exchange last week totaled $17.45 million – 4.77% less than those concluded here a week earlier.

The dollar climbed 0.61 points at Armenia’s forex market and traded at 390.30 drams on Saturday.

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On the first day of trading last week gold has shown a weak downward trend, as investors kept cautious, watching the progress of EU summit in Brussels.

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The average exchange rate of USD at NASDAQ OMX Armenia stock exchange last week dropped by 0.06% to 387.28 drams, as the overall weekly trading amounted to $18.325 million, a 37.78% increase compared to the previous week.

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The U.S. dollar shed 0.41% at NASDAQ OMX Armenia stock exchange last week and traded at 387.50 drams, on average.

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Last week U.S. dollar’s average exchange rate against Armenian dram at NASDAQ OMX Armenia stock exchange rose by 0.39% to 383.75 drams.

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Gold prices rose by 0.64% last week to $1,607.25 per one troy ounce against the backdrop of favorable macroeconomic data from the U.S. and the eurozone, particularly from Germany, as well as due to a successful auction on bonds in Spain.

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The global financial and economic crisis is not over at all and will last at least 15 years, Hrant Bagratyan, economist and former Armenian premier, said on Thursday.

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At the beginning of the last week attempts of precious metal to continue its growth on the background of positive news from Italy where the government undertook steps on toughening the budget policy, failed.

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The average weighted exchange rate of U.S. at NASDAQ OMX Armenia stock exchange last week grew by 0.45% to 382.73 drams.

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In the beginning of the last week prices for gold were under pressure as the U.S. dollar was strengthening.

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