Thursday, March 10, 2016

Gold Prices Ended Lower Ahead of ECB Meeting


Gold prices ended lower on Wednesday, as investors worries about this week’s European Central Bank monetary-policy meeting.  It is possible  that the European Central Bank might surprise markets by giving more stimulus than is expected, since expectations are unduly low.

Gold for April delivery closed down 0.4% at $1,257.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Most market watchers expect the central bank to ramp up its bond-buying program and push interest rates deeper into negative territory at the conclusion of their monetary policy meeting on Thursday.

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