by Jan Skoyles, TheRealAsset.co.uk
Gold for December delivery settled at its lowest yesterday since October 16th, having climbed 0.1% in the previous session.
Gold prices in easy ECB
Speculation is mounting that the ECB will announce easier monetary policy, with some believing it may even cut rates. It is unlikely the ECB will go as far as cutting rates but it may look to ‘talk rates down’, and from the US FOMC, we have seen the power of talking things down.
Whilst this decision won’t be announced until tomorrow, this has been enough to boost the dollar index placing pressure on the price of gold.
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