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%.
Two Russian strategic missile carriers Tupolev Tu-160 performed a flight to the military airfield on Chukotka Peninsula, located near the US border
The Japanese interpret the agreement bluntly. They say that the Soviet Union should have given the islands away, but they are wrong
German Chancellor Angela Merkel holds Russia responsible for the termination of the Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles (INF Treaty)