Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
Modernizing Foreign Ministry's public image was a challenge — Spokeswoman ZakharovaSociety & Culture August 18, 22:24
Russian Foreign Ministry Spokeswoman Zakharova says good cigar enough to bring down stressSociety & Culture August 18, 22:19
Diplomat says story about American neo-Nazi site in Russia became political show in USRussian Politics & Diplomacy August 18, 21:07
Putin, Medvedev honor memory of Sevastopol defendersSociety & Culture August 18, 20:02
Yeltsin’s limousine put up for sale for $332,495 in St. PetersburgSociety & Culture August 18, 19:46
Sambo wrestling should become trademark of Russian sports — security officialSport August 18, 18:38
Iran may start oil supplies to Russia within monthBusiness & Economy August 18, 18:31
Nord Stream 2 project will be implemented despite sanctions — energy ministerBusiness & Economy August 18, 18:29
ST. PETERSBURG, June 17. /TASS/. Metal prices are going to decline next month or two, Russian Industry and Trade Minister Denis Manturov told journalists on Friday on the sidelines of the St. Petersburg International Economic Forum (SPIEF 2016).
"Now the prices for metals have gone up again, but I think this is not long-term coming months. The next one or two will show a downward trend," he said.
Since mid-December 2015 the price of gold rose by 23%, silver rose in price by 27%, platinum - by 17%, aluminum - by 9%, copper - by 1.5%.
Growth of metal prices accelerated on investors' expectations after a later increase of the US Federal Reserve discount rate in 2016, was than previously expected. Against this backdrop the dollar fell, since the beginning of the year the dollar fell by 5%.
The US Federal Reserve System acting as the national central bank keeps the base interest rate at 0.25-0.5%.
The Federal Reserve increased the base interest rate by 0.25 percentage points to 0.25-0.5% in December 2015. The rate was within the range of 0-0.25% from December 2008 to December 2015.