Gold rose sharply on Wednesday, trading above $1850 per troy ounce. The premise for this was the statistical data on Annual inflation in the United States in October, the growth of which turned out to be the highest since 1990. According to the U.S. Labor Department, the figure was 6.2%, which is 4 percentage points higher than analysts' forecasts. By comparison, it was 5.4 percent in September. On a month-to-month basis, the price increase far exceeded estimates, coming in at 0.9% vs. forecasted 0.4%. The news reinforced the pessimism of the U.S. stock market. all 3 major stock indices closed the day down for the second day in a row. in a row. By the end of the session Dow Jones lost 0.66%, S&P 500 - 0.82%, THE NASDAQ LOST 1.66%. The unfavorable economic conjuncture boosted demand for gold as a safe asset. The precious metal showed positive dynamics The precious metal showed positive dynamics for five days in a row, having risen during this period by more than 4%.