GPM President forecasts stable demand for gold in world marketsJuly 6, 2011 - 17:00 AMT PanARMENIAN.Net - GPM President Roman Khudoliy believes the demand for gold in world markets will keep stable. “In world markets, gold is assessed as a reserve metal. Thus, the price for gold will remain high for as long as there are risks in world markets,” he told journalists on the sidelines of Albion new gold mining plant’s foundation-laying ceremony. The new plant will be constructed in the territory of GPM Gold Ararat gold mining company. GPM President forecasted no serious fluctuations of gold price in future. “The drop of price in one area of the world will be counterbalanced by current growth of gold price in the developing markets (China, Brazil, Vietnam),” he explained. According to GPM President, the company has always enjoyed stable demand for its production. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |