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Gold prices are rising after the strongest in four weeks before the decline, as investors are nervous as we approach the deadline for an agreement that would allow the U.S. to prevent a financial crisis in the next year.
Speaker of the U.S. House Republican John Boehner on Wednesday reported a possible compromise in the negotiations on the "fiscal cliff." President Barack Obama said he expects to negotiate with Congress before Christmas.
The dollar fell after the U.S. Department of Commerce today announced that in the 3rd quarter GDP registered a growth rate of 2.7% vs. 2.8% and 2.0% in the previous quarter.
Also today it was announced that the number of Americans last week, first applied for unemployment benefits fell by 17 thousand to 393 thousand compared to forecasts of 390 million and 410 thousand in the previous period. The number of repeat calls registered a decrease of 50 thousand to 3.2878 million against 3.337 million the previous week.
In October, pending transactions in the U.S. housing market dynamics recorded at +5.2% m / m and 13.2% against the forecast of 0.8% and 0.4% / 14.5% in September.
Stocks of the world's largest exchange-traded fund backed by gold ETF SPDR Gold Trust for a second day reached a record, rising to 1.347,018 tons.
December futures price of gold on COMEX today rose to 1728.10 dollars per ounce.
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