Commodity Market Outlook- Gold was steady on Thursday!

Gold was steady on Thursday after the European Central Bank President Mario Draghi signalled the bank could cut interest rates further, while investors awaited the U.S. jobs data on Friday that could impact monetary policy. Volumes were thinned by traders’ reluctance to take big positions during the U.S. Independence Day holiday. ECB leaves interest rates unchanged at 0.5 pct Coin demand not as strong as April – Perth Mint.

Key Headlines

  • Brazil Swap Rates Decline on Concern for Dimmer Growth
  • European Stocks Rally as ECB Says Rates to Remain Low
  • Bank of America Ordered to Face Texas Property Fees Suit
  • Copper Declines as China Concern Clouds the Outlook for Demand
  • WTI Retreats from 14-Month High as Supply Concern Eases
  • Palm Reserves Seen Falling for Sixth Month as Exports Rise

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German Logo of the ECB.

German Logo of the ECB. (Photo credit: Wikipedia)


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