YEREVAN, April 16. /ARKA/. Last week, gold made an attempt to reverse the downtrend on hopes of a soft monetary policy of the U.S. Federal Reserve. At the beginning of the reporting period, gold buying was triggered by adverse information from the U.S. labor market, published on April 6. Another factor was the news that the jewelers in India ended a twenty-day strike in protest against new taxes on gold trade.

Cautious statements by Mr. Bernanke in a speech in Atlanta that further regulatory measures may be required also contributed to the rise of gold price. Nevertheless, weak first quarter GDP data for China and consumer price inflation in the U.S. significantly changed the moods in the market, and at the end of the week prices came under pressure. As a result, the price of gold increased by 1.7% to $1,657.94 per troy ounce. This week the price may rise to $1.695.0.

The cost of copper in the futures market last week fell by 4.75% to 3.616.5 U.S. dollars per pound on concerns of investors about the worsening global economic outlook and situation in the euro area, as well as appreciation of the U.S. currency.

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Precious metals prices go down in Armenia.

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Agency “State depository of precious stones and metals”

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Agency “State depository of precious stones and metals” of Armenian Ministry of Finance defined prices for precious metals for the period of March October 12-18, 2012.

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February prices drop by 0.9% in Armenia from January.

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Food prices in Armenia in 2011 grew by 12.3%, Gurgen Martirosyan, head of a department of National Statistical Service of Armenia, said to a news conference today.

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Agency “State depository of precious stones and metals” of Armenian Ministry of Finance defined prices for precious metals for the period of September 26-October 2, 2011.

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Gold prices fall as dollar’s rally erodes demand for the metal as alternative investment.

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Agency “State depository of precious stones and metals” of Armenian Ministry of Finance defined prices for precious metals for the period of August 22-28, 2011.

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Agency “State depository of precious stones and metals” of Armenian Ministry of Finance defined prices for precious metals for the period of July 11-17, 2011.

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