Gold rises 1% as dollar weakens after ECB defends itself from policy

Gold rises 1% as dollar weakens after ECB defends itself from policy

Gold jumped 1% on Thursday, as the dollar weakened after the European Central Bank kept its policy unchanged and US jobless claims remain at high levels, dampening hopes of a rapid economic recovery from the effects of the coronavirus pandemic. Spot gold rose 0.7% to $ 1,959.93 an ounce at 11:42 a.m. EDT (1542 GMT), […]

The post Gold rises 1% as dollar weakens after ECB defends itself from policy

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