Gold & Silver

Gold trades near 4-month low; awaits ECB move, US data

PTI London | Updated on June 05, 2014 Published on June 05, 2014

Gold held near four—month low as investors awaited a European Central Bank monetary policy decision and US economic data that may support further reductions to the Federal Reserve’s asset purchases.

Gold traded little changed at $1,243.35 an ounce.

Silver fell 0.3 per cent to $18.76 an ounce.

Gold fell a second time in three months in May as the euro weakened 1.7 per cent versus the dollar on speculation that the ECB will add stimulus when policymakers meet today.

Published on June 05, 2014
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