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14.11.2012 17:40

Gold rose

 

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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