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On Thursday, gold dipped in European trade because traders waited for the outcome of the European Central Bank's gathering for fresh clues on when it’s going to start shifting away from its ultra-easy policy.
In New York, gold hit $1,238.68 a troy ounce losing 0.3%. On Wednesday, gold concluded a few cents higher, extending their streak of profits to a fourth session.
The ECB's fresh interest rate verdict isn’t supposed to offer big changes.
Traders will pay attention to President Mario Draghi's press conference because market participants need more clues on when and how the EU’s key financial institution could scale back its huge quantitative easing program.
Financial experts are assured that the key bank will probably wait until September before declaring a tapering of up to 60 billion euros of monthly asset purchases.
Apart from key banks traders will pay attention to American data due later in the trading session just to assess the strength of the world's leading economy and how it will affect the Fed's view on monetary policy.
On Monday, market participants were selling metals as well as other assets, which are traditionally referred to as "safe havens" due to the weakening fears of a trade conflict between the United States and China…
On Friday, demand for gold slumped in the face of the growth of the evergreen buck…
On Thursday, gold dived, getting back to a minimum since December in the face of the diving American currency as well as the yield of US government bonds…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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