| Gold prices strengthened Thursday to reclaim the key $1,300 mark after the European Central Bank announced a full-blown stimulus plan. Gold for February delivery rose $7, or 0.5%, to settle at $1,300.70 an ounce while March silver futures SIH5, -0.03% advanced 17 cents to $18.36 an ounce in electronic trading.
On Thursday, ECB President Mario Draghi announced an open-ended bond-buying program worth €60 billion a month as part of its quantitative easing program. The central bank said it won’t buy more than a third of any issuer’s debt...............................................Full Article: Source
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