Gold Holds Decline as Investors Await ECB's Update on Stimulus

Gold held is drop as investors await a monetary policy review from the European Central Bank and holdings in Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded product backed by bullion fell.

Bullion for immediate delivery traded at $1,252.40 an ounce at 8:54 a.m. in Singapore after closing at $1,253.23 a day earlier, when prices lost 0.7 percent, according to Bloomberg generic pricing. Assets in exchange-traded funds shrank for the first time in 19 days, ending the longest run since 2010, according to data compiled by Bloomberg as of Tuesday.

The yellow metal is still up 18 percent this year as demand for haven assets surged amid Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in financial markets and expectations of slow growth potentially leading to further monetary intervention. Updates from the ECB on Thursday and the Federal Reserve next week may shed light on the potential for more stimulus and the trajectory of interest rates.

Gold prices “broke support levels established in the last week,” Australia & New Zealand Banking Group Ltd. said in a note on Thursday. “We expect that the ECB will step-up its policy accommodation to support the economy in an environment of low inflation.”

To contact the reporter on this story: Jasmine Ng in Singapore at jng299@bloomberg.net. To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net, Keith Gosman

By: Jasmine Ng

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