09.09.2016 - Gold ETF Impact on Price 'Intuitive' Says SocGen as Euro Gains Before ECB News
Gold prices held shy of 3-week highs in London on Thursday, trading at $1347 per ounce as the US Dollar fell near 2-week lows against the Euro ahead of today's European Central Bank decision on interest rates – now negative for commercial banks using the ECB's deposit facility – and quantitative easing. Silver retreated from yesterday's near 4-week highs at $20.13 per ounce, recovering half of an overnight 40 cents drop. Wednesday's new all-time high global stockmarkets saw the giant SPDR Gold Trust shrink by half-a-tonne to just less than 952 tonnes as stockholders liquidated shares...............................................Full Article: Source
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