YEREVAN, April 15. /ARKA/. As we were expecting,  early last week gold prices were slightly climbing amid the disappointing statistics from the U.S. labor market. As a result, on Tuesday, April 9, the gold quotes reached their week record high of 1,590.31 USD per troy ounce.

However, since Wednesday the upturn of gold prices has been  curbed as the protocols from the last meeting of the Federal Reserve were published earlier than expected. The protocols implied the committee members were still arguing around the terms of termination of the quantitative stimulus program. It is noteworthy that in March some members agreed over Federal Reserve’s initiative to continue purchasing the assets till mid-2013. Meanwhile, the others stated the regulator will continue implementing the program till the end of 2013 and in 2014.

The gold quotes were particularly pressured on Friday as the investors went on avoiding to buy this asset. The concerns over the global economy recovery also appeared as pessimistic. Thus, it resulted not only in drop of precious but also industrial metals, oil and bonds of the USA. Moreover, fall in prices for gold lower than the supporting threshold of 1,524.0 USD touched off activation of stop-orders for sales. As a result, price dived even more deeply.  Gold prices downed by 6.02% to 1,482.29 USD per troy ounce. It was the lowest tumble since December 2011.

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