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Gold Settles Lower Following ECB Meeting

M. Ali 10 December, 2020 10:43 pm Commodities, Market Update

Gold prices settled lower on Thursday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment and anticipation for new Coronavirus vaccines and the outcomes of Brexit talks.

The decline also comes following the European Central Bank’s (ECB) decision to expand its stimulus program and maintain interest rates.

Gold futures for February delivery closed lower by $1.10, or 0.1%, at $1,837.40 per ounce.

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