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Metal market: gold and copper prices vary, meetings of U.S. and european regulators in limelight

29.07.2013 14:08

Metal market: gold and copper prices vary, meetings of U.S. and european regulators in limelight

YEREVAN, July 29./ARKA/. Gold prices were rising from 22 to 26 July amid optimism after the Federal Reserve announced it was not planning to decrease the purchases of securities at the open market.

Mixed macroeconomic statistics from the world’s largest economy and less confident USD have also increased attractiveness of the gold. Indeed, the number of unemployment allowance applications stopped falling and stabilized at nearly 340,000 per week, the orders for durable goods (without transport) remained the same in June. As a result, gold prices climbed by 1.51% to 1,333.06 USD per troy ounce.

The gold quotes will be varying next week until the market gets some definite orients. The investors will focus on a two-day meeting of the U.S. Federal Reserve to discuss the interest rate. The results of this meeting will become available on Wednesday, July 31. The earlier protocols implied that some members of the Board are still supporting more severe positions regarding monetary policy.

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Armenia: foreign currency market review for the week July 22-26

29.07.2013 13:43

Armenia: foreign currency market review for the week July 22-26

Average weighted US exchange rate rose by 0.02% to AMD410.50 at NASDAQ OMX Armenia last week. The trading amounted to a total of 22.28 million US dollars over the week

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Armenia: FOREX market review for July 15-19

23.07.2013 16:24

Armenia: FOREX market review for July 15-19

Last week, the cost of U.S. dollar at NASDAQ OMX Armenia stock exchange rose by 0.21% to 410.41 drams as the weekly trading rose to $12.92 million

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Metal market: gold and copper quotes prone to moderate upturn

23.07.2013 16:13

Metal market: gold and copper quotes prone to moderate upturn

Gold quotes were teetering from 15 to 19 July and macroeconomic statistics was supporting the gold quotes

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Metal market: optimism is back to gold and copper markets

15.07.2013 13:28

Metal market: optimism is back to gold and copper markets

Gold prices reached record two-week high of 1,298.79 USD per troy ounce last week. The highest increase was demonstrated on Wednesday, July 10

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Metals market: gold and copper prices are likely to down

10.06.2013 14:02

Metals market: gold and copper prices are likely to down

Gold prices demonstrated no definite dynamics over the past five days. Most of the time the investors were pretty restricted. Gold prices were pressured amid the concerns over the demand from the world largest gold consumer

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Armenia: Forex market review for 29 May to 1 June

03.06.2013 17:56

Armenia: Forex market review for 29 May to 1 June

The cost of US Dollar rose by 0.70% to 417.48 drams last week at NASDAQ OMX Armenia stock exchange with the weekly trading totaling $16.92 million

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Armenia: Forex market review for April 22 - 26

29.04.2013 15:50

Armenia: Forex market review for April 22 - 26

Last week, the average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange fell by 1.43% to 409.56 drams as the weekly trading amounted to $15.24 million

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Metal market: metals recover after negative dynamics

29.04.2013 15:40

Metal market: metals recover after negative dynamics

Prices of precious assets, including gold, were rising from 22 to 26 April. Gold quotes increased in three out of five trading sessions mainly due to physical purchases at low prices

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Metal market: gold and copper prices down losing investment support

22.04.2013 18:09

Metal market: gold and copper prices down losing investment support

Last week gold prices tumbled to record low 1,320.84 USD per troy ounce over the two years. Most severely they fell on Monday, April 15

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