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.
Rate Cuts Not Main Factor Driving Gold – Capital Economics
Despite gold’s move higher Thursday following the move by the European Central Bank to cut rates, analysts at one U.K.-based research firm say there are other factors pushing gold prices right now.
ECB Rate Cuts, Expanded QE ‘Went Beyond What Was Anticipated’
The European Central Bank cut interest rates and expanded its asset-purchase program by more than markets were expecting Thursday, officials said.
Read moreBig Reversal In Currency Markets Benefits Gold
Gold prices are trading modestly higher by have posted a big rebound from the sharp losses seen just about an hour ago.
Read moreThe ECB Has Spoken, Now What? – BBH
The European Central Bank surprised markets Thursday with more rate cuts and more asset purchases, and analysts at Brown Brothers Harriman say the central bank is just kicking the can down the road.
Read moreGoldcorp Announces Senior Management Changes
Goldcorp Inc. (TSX: G, NYSE: GG) announces a series of changes in senior leadership, with the company saying it is exiting an intensive project-development phase and focusing on optimizing performance of its mines and advancing an organic project pipel…
Read moreU.S. Weekly Jobless Claims Fall 18,000 To 259,000
The European Central Bank cut interest rates and expanded its asset-purchase program on Thursday, officials said.
Read moreGold Rebounds from Morning Low As Traders Once Again ‘Buy The Dip’
Gold prices are trading not far from unchanged in morning U.S. dealings.
Read moreGold Weaker On More Profit Taking
The Gold market is seeing some more profit-taking pressure Thursday morning, following recent good gains that saw Prices reach a 13-month high last week.
Read moreEuropean Central Bank Cuts Interest Rates, Expands Asset Purchases
The European Central Bank cut interest rates and expanded its asset-purchase program on Thursday, officials said.
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