Weekly Fundamentals - Gold Prices Boosted Modestly by ECB Stimulus, Rebound Unlikely to Last Long
SimonRechtzThe 2 key events, the ECB's large stimulus package and the US' employment report for May, sent commodities to nowhere last week. The ECB, through rate cuts, targeted long-term refinancing operations (TLTRO) and extensions of for the main refinancing operations (MRO), intended to boost growth in the real economy through lowering banks' funding costs.
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Weekly Fundamentals - Gold Prices Boosted Modestly by ECB Stimulus, Rebound Unlikely to Last Long
