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Euro/Dollar Direction Post-ECB Meeting Will Drive Gold

Posted on 05 June 2014

Gold traders will keep track of the direction the U.S. dollar and euro take after the European Central Bank meets Thursday, as how the two currencies react will determine gold’s direction.
There’s some uncertainty about what the ECB will do because it has several options available to adjust monetary policy. General expectations among currency analysts are that the ECB will cut refinancing rates between 10 to 15 basis points and likely cut the deposit rate to minus 0.1%………………………………………..Full Article: Source


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