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Gold slips as ECB's Draghi lifts the dollar

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold fell on Thursday as the dollar bounced from a near three-week low against the euro after European Central Bank President Mario Draghi signalled that any policy normalisation in the euro zone would be very gradual.The single currency gave up all its early gains against the dollar to turn lower after Draghi said monetary policy would remain "reactive" and that measures of underlying inflation were still subdued. Spot gold was down 0.3 percent at $1,321.09 an ounce at 1500 GMT. It touched a one-week high of $1,340.42 on Wednesday before closing 0.6 percent ...

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First Published: Thu, March 08 2018. 23:26 IST
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