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Gold Prices Lower, Focus on ECB Meeting

Tuesday, 10 March 2020 08:03 WIB

GOLDEMAS

Gold prices are lower in Asia trade, retreating after a modest rise overnight when U.S. equity and energy markets were in a tailspin.

Investors will likely focus on the ECB's meeting later this week, says Commerzbank. Gold will be buoyed if the ECB follows the U.S. Federal Reserve and loosens monetary policy, the bank says.

Spot gold is down 0.8% at $1,666.89/oz.

Source : Bloomberg

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