YEREVAN, March 19. /ARKA/. Gold prices slumped early last trading week to the new eight-week minimum of 1,634.39 USD dollars per troy ounce due to the news from the USA and USD dollar’s strengthening on FOREX international currency market.

Precious metal quotes dropped overcoming the key psychological level of 1,700.0 USD dollars after U.S. Federal Reserve unveiled its Tuesday, March 13, session’s outcomes on interest rate. The American regulator shattered hopes on new measures on quantitative easing against the background of the U.S. positive economic data of recent weeks.

At the same time risk reducing towards Euro zone’s debt issues also results in shrinking gold’s attractiveness as a safe-haven asset. The significant negative impact on the precious metal’s quotes was also caused by the data on Indian government’s possible decision to raise custom dues on gold. Nevertheless, the situation on the gold market changed for the better at the second half of the week. The precious metal was able to return its positions against the background of the principal currency pair’s strengthening as well as due to purchases at lower price levels.

Categories: Analytics, Economy @en, General news, News | Comments Off on Metals Market: U.S. Federal reserve comments touch off gold and copper quotes fluctuation

Tags: Analytics, gold, trade

Read more

YEREVAN, February 13. /ARKA/. The average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange last week rose by 0.05% to 388.71 drams. Weekly trading amounted to 12.05 million U.S. dollars, by 30.95% less than the previous week. The average selling rate of cash dollar rose by 0.04% to 390.37 drams on February 11. Against the […]

Categories: Analytics, Exchange market, News | Comments Off on Armenia: forex market review for February 6 -10

Tags: Analytics, Armenia, EXCHANGE, Forex

Read more

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.

Categories: Analytics, Economy @en, News | Comments Off on Metal market: quotes of gold decreased, and cooper jumped on the background of U.S. macroeconomic statistics

Tags: Analytics, MARKET, Metal

Read more

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.

Categories: Analytics, Bonds.am @en @en, General news, News | Comments Off on Armenia: foreign currency market review for December 19-23

Tags: Analytics, Armenia, EXCHANGE, NASDAQ

Read more

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.

Categories: Analytics, Economy @en, News | Comments Off on Metal markets: gold price shows slight increase

Tags: Analytics, gold, price

Read more

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.

Categories: Analytics, Economy @en, News | Comments Off on Metal Market: Quotes Of Gold And Copper Are Under Pressure On The Background Of Risk Aversion Of Investors

Tags: Analytics, Armenia, Metal

Read more

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

Categories: Analytics, Bonds.am @en @en, News | Comments Off on Metals market: gold price continues rising as copper price remains under pressure

Tags: Analytics, Armenia, metals

Read more

Last week, the USD average rate in NASDAQ OMX Armenia stock exchange increased by 0.3% to 367.96 AMD. Trading volume for the week was 9.6 million USD which is by 37.7% lower than the previous week.

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Review of foreign exchange market for the week from August 22- 26

Tags: Analytics, Armenia, EXCHANGE, MARKET

Read more

Last week weighted average rate of US dollar in the stock exchange NASDAQ OMX Armenia increased by 1.24% to 367.50 drams

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Survey Of Currency Market For One Week – August 1-5

Tags: Analytics, Armenia, CURRENCY MARKET

Read more