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GOLD PRICE GOES UP
Support A1+!Today gold is sold at $20-22 per a gramme at Armenian markets. Tradespeople explain the stiff prices with the recent increase of oil prices and dollar devaluation.
“It is two days gold prices have gone up from $18 to $22. The rise was a real shock for us,” people say.
Economist Edward Aghajanov says gold prices have marked up because of dollar devaluation.
“The recent rise in oil price hardly affects gold prices. The rise is rather determined by dollar depreciation than by oil price. Gold prices and dollar rate are interrelated: when the dollar shoots up gold price goes down,” he says.
Edward Aghajanov ruled out further rise in gold prices in Armenia.
