Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is “Worse and Worse”

Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is "Worse and Worse"

] Gold rose to a six and a half year high in euros at €1,288/oz yesterday prior to giving up the gains as it succumbed to profit taking in volatile trading during and after the ECB meeting. Gold in Euros – 10 Years – GoldCore.com Gold spiked to its highest level since 2013 in response … Read more

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

] ◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to … Read more

Gold Gains As Bank of England Slashes to Emergency Rate of 0.25% and ECB Warns Of 2008 Style “Great Financial Crisis”

Gold Gains As Bank of England Slashes to Emergency Rate of 0.25% and ECB Warns Of 2008 Style “Great Financial Crisis”

] ◆ Gold prices rose by 0.6% today as the Bank of England slashed rates in an emergency move to 0.25% and the ECB looks set to follow as it warned of a 2008 style crisis overnight. ◆ The Bank of England slashed its main interest rate to 0.25 percent this morning in a emergency … Read more

ECB Creates EUR 750 Billion To Buy ‘Safe Haven’ Bonds; Pound Falls To Near Record Low in Gold

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ “There are no limits to our commitment to the euro,” ECB President Christine Lagarde pronounced as the ECB began to create an additional EUR 750 billion in order to buy government and corporate debt in an emergency move overnight. ◆ Gold prices in euros are marginally higher at €1,369/oz and in British pounds … Read more