YEREVAN, January 14. /ARKA/. Gold prices slightly tumbled last week as the American regulator published last Thursday its December session protocols. As a result, the quotes of the precious metal reached their week minimum of 1,642.69 USD per troy ounce.

However, following this, the gold prices managed to restore due to the passive performance of the investors prior to another meeting of the European regulator and second phase of talks over the U.S. “budget breakdown.”

The situation had changed by the week’s out after ECB chairman Mario Draghi stated the European regulator would not reduce the interest rates. Hike in gold quotes was mainly triggered by this decision of the ECB, the rise of the principal currency pair and a favorable statistics from China.

Categories: Analytics, News | Comments Off on Metals market: Gold and copper quotes dive amid charles plosser’s statement

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The investors abstained from making big deals early last week as Sandy hurricane hit New York forcing the Wall Street to close from Monday to Wednesday

Categories: Analytics, News | Comments Off on Market of metals: gold and copper prices fall amid U.S. labor market data

Tags: copper, gold, metals, prices, USA

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Last week’s rally in the gold market has slowed down after six days of continuous growth, which resulted in the quotations of precious metals and reach new records of maximum 191.80 USD per troy ounce against the fears of dissemination of debt crisis in larger euro zone economies, as well as large sales in global stock markets.

Categories: Analytics, Economy @en, News | Comments Off on Metal market: Rally in the gold market has slowed down and the copper is again in the focus of attention

Tags: copper, gold, MARKET, Metal

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