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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 Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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