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