In October, the price of gold fell below 3.9 thousand dollars per ounce for the first time in 13 months, Kommersant writes. Since the beginning of autumn, the price of the metal has fallen on the world market by more than 13%, and on the Moscow Stock Exchange the losses have exceeded 16%. Prices are being pressured by the high exchange rates of the dollar, as well as the need for investors to compensate for losses due to falling shares of technology companies.

In October, the price of gold fell below 3.9 thousand dollars per ounce for the first time in 13 months, Kommersant writes. Since the beginning of autumn, the price of the metal has fallen on the world market by more than 13%, and on the Moscow Stock Exchange the losses have exceeded 16%. Prices are being pressured by the high exchange rates of the dollar, as well as the need for investors to compensate for losses due to falling shares of technology companies.