You are here: Home » Reuters » News
Business Standard

Gold near 4-month highs after hawkish ECB boosts euro

Reuters  |  LONDON 

By Peter HobsonLONDON (Reuters) - Gold prices rose on Thursday to near their highest in four months after a hawkish tone in the minutes of a European Central Bank meeting pushed the euro sharply higher against the dollar.The minutes from the ECB's December meeting said the central bank should revisit its communication stance in early 2018 and gradually adjust its language to reflect improved growth prospects.A change in policy message would likely be taken by investors as a sign that rate-setters may begin to wind down their 2.55 trillion euros bond-buying programme. The stronger euro ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 20:12 IST