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Draghi and the ECB

As we spoke about yesterday, there is truly a divergence between the actions and the policies of the Federal Reserve and the European Central Bank.

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Gold Price Slump To Only Last Until H2-2017 – ICBC Standard Bank

(Kitco News) – Gold prices are under pressure, but any renewed weakness has already been priced in so prices are likely to move higher later in 2017, this according to one international bank.

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Silver Manipulation Growing; Plantiffs Wanting To Add More Banks To Lawsuit

(Kitco News) – Swiss Bank UBS might not be off the hook and could be back in court with four other new banks in an ever-evolving lawsuit that alleges manipulation of gold and silver prices during the daily fix.

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Gold Ends Weaker Amid Strong U.S. Dollar, Bearish Charts

Gold prices ended the U.S. day session moderately lower Thursday.

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Gold Trading Weaker As U.S. Dollar Rallies, Euro Sinks After ECB News

Gold prices are holding at moderately lower levels in late-morning action Thursday.

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European Central Bank Remains Cautious As Uncertainty Prevails – Draghi

(Kitco News) – The European Central Bank remains optimistic that regional economic growth will continue to firm, but it also remains cautious as it creates a new bond-purchase program for next year.

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EU And US Continue To Diverge On Interest-Rate Policy

The ECB left interest rates unchanged and committed to continuing its bond-buying program through March of 2017.

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Weekly Jobless Claims Fall 10K, In Line With Expectations

(Kitco News) -Initial weekly U.S. jobless claims fell by 10,000 to 258,000 in the week to Saturday, the Labor Department said Thursday.

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Commerzbank, MKS: Silver ETFs Posted Big Inflow Wednesday

Silver’s ascent to a three-week high on Wednesday occurred alongside a large inflow into silver-backed exchange-traded funds, say MKS (Switzerland) S.A.

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Gold A Bit Weaker On Lack Of Bullish Inputs, Bearish Chart Posture

Gold prices are just slightly lower in early U.S. trading Wednesday.

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