YEREVAN, September 5. /ARKA/. On Tuesday, September 4, the cost of precious metals increased however reporting no definite trend at the gold market. The investors continued staying cautious ahead of the next ECB meeting, and the U.S. labor market statistics release.

The weak macroeconomic data from the overseas fostered precious assets’ growth enhancing hopes for new stimulus by the American regulator. Thus, the manufacturing PMI by ISM dropped to the lowest benchmark since 2009 to 49.6 in August versus 49.8 in July, whereas many experts expected the index to rise to 50.0.

Nevertheless, the cost of the precious metals fell as the market prices slashed in general due to the concerns around monetary-credit policy. As a result, gold price rised by 0.03% on Tuesday to 1,692.44 USD per troy ounce, and silver cost climbed by 0.22% to 32.18 USD per troy ounce.

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Last Monday gold prices went up amid the positive expectations that the ECB may launch additional measures for European economy aid. Indeed, ECB Governing Council member Ardo Hansson’s comments about the “significant” volume of bond-buy

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Gold prices sharply slashed last week amid the concerns around Spain and Greece

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On the first day of the past week gold price was falling as the optimism sparked by reports that Spanish banks will get assistance, soon came to naught

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Early last week gold quotes faced stable trading. Many members of London metal market were absent on the occasion of the state holiday of Great Britain

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Gold prices saw upturn last week due to stabilization of sentiments at commodity assets market. The relative stabilization in sentiments was touched off by the G8 summit held last weekend

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On the first day of trading last week gold has shown a weak downward trend.

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