Source Pravda.Ru

Gold falls against US dollar

 

On November 7, the price of gold fell as the U.S. currency strengthened against the euro after the ECB lowered the basic interest rate. The newly released information on U.S. GDP also played its role.

December gold futures on the New York Comex Exchange fell by 9.3 dollars, or 0.7% - to 1,308.5 dollars per ounce.

The European Central Bank unexpectedly lowered the benchmark interest rate to 0.25% from 0.5%. The price of the precious metal was influenced by U.S. GDP data for the third quarter of 2013. According to preliminary estimates, the figure was 2.8% in annual terms, while analysts expected a GDP growth of 2%.

 

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

Putin made his first public comment on the subject of the recent decision of US President Donald Trump to recognise Jerusalem as the capital of Israel

Putin makes first comment on Trump's Jerusalem decision
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