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The price of gold is increasing amid published unfavorable macroeconomic data and discussions on the "fiscal cliff."
According to published statistics, the U.S. retail sales in October fell by 0.3%, while the expected decrease of 0.2%, while the previous month was an increase of 1.1%, and the change with a minus sign was recorded for the first time in 4 months .
As for the topics of the day "fiscal cliff," Today, President Obama is scheduled to meet at the White House with a number of directors, including General Electric, and a press conference. After that, 16 November, Obama will negotiate with the Democrats and Republicans.
In Europe, the euro zone industrial production in September fell very strongly for more than 3 years - by 2.5% m / m and 2.3% y / y The largest drop in industrial output was recorded in Ireland and Portugal.
December futures price of gold on COMEX today rose to 1734.00 dollars per ounce.
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