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Gold eases as ECB keeps policy on pause, virus woes limit fall
Author: BeverlyVanmeter
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Gold eases as ECB keeps policy on pause, virus woes limit fall
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Gold’s rally fizzles on de-escalating U.S.-Iran tensions
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Draghi’s Comments Fueled Speculations over ECB QE
Market sentiment was upbeat with both European stocks and Wall Street climbing higher. This was believed to be driven by ECB President Mario Draghi’s dovish comments in the Jackson Hole conference last week. The market, after digesting them for several days, viewed the President was pushing the central bank to a QE program. Stoxx600 jumped +1.1% while the euro plummeted to an 11-month low on rising expectations for ECB stimulus.
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Draghi’s Comments Fueled Speculations over ECB QE