· Web viewGold prices, which since January 2017 had been rallying on account of safe haven demand and heightened geo-political tensions, rose by 10% in September 2017 to reach US$1 316 per ounce. Volatile prices then retreated to $1 280 per ounce in October 2017, on a strengthening US dollar and expectations of higher interest rates in the United States. [DOC]mofcom.gov.cn · Web viewThe Russian authorities are implementing a fiscal adjustment programme based on the assumption that oil prices are likely to remain below US$50 per barrel in the medium term. They envisage a fiscal deficit of 3% of GDP if the oil prices stay at US$50 per barrel in 2016, or a higher deficit if the oil prices
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