Gold Rallies On Safe-Haven Demand As ECB Rattles Marketplace

Gold prices were solidly higher and poised to close at or near a 13-month high close in late U.S. trading Thursday. Safe-haven demand surfaced as U.S. stock indexes sold off and the U.S. dollar index dropped sharply in the wake of today’s announcement of the monetary policy easing measures from the European Central Bank. April Comex gold was last up $15.10 at $1,272.60 an ounce. May Comex silver was last up $0.214 at $15.58 an ounce.

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