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Gold Pushes Above $1,300 as Dollar Eases Ahead of ECB Policy Update
Thursday, 14 June 2018 19:01 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures gained Thursday, taking to solid ground after mixed trading initially surrounded the Federal Reserve™s revelation Wednesday that it will likely raise interest rates more aggressively in 2018 than previously signaled.

Now, attention turns fully to the European Central Bank™s policy update Thursday, with market expectations that the panel will update plans for its quantitative easing program, a development with implications across currency markets and, accordingly, for precious metals.

Ahead of that announcement, August gold was up $7, or 0.5%, to $1,308.30 an ounce. Gold prices settled with a modest gain on Wednesday, then fell back under the closely monitored $1,300-an-ounce level in electronic trading, in the wake of the U.S. Federal Reserve™s decision to lift a key interest rate.

Source : Marketwatch

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