Gold futures were slightly lower Wednesday ahead of tomorrow’s closely watched European Central Bank announcement.
April gold was down $5.50, or 0.4%, to settle at $1,257.40/oz. It was the third straight daily loss.
Traders are cautious of making any big moves ahead of the ECB, whose stimulus measures have thus far failed to spark a meaningful economic recovery in Europe.
Gold hit a yearly peak last week, rising near $1280 before leveling off.
Published: 2016-03-09 18:36:00 UTC+00
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