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Gold steadies as ECB statement weighs on dollar

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold steadied on Thursday after the previous day's slide, with a drop in the dollar against the euro after the European Central Bank's latest policy statement reducing pressure on the metal. The ECB said on Thursday that it could extend the bond purchases it has been carrying out over the past three years to depress borrowing costs, but it omitted a longstanding reference to increasing them.That is seen as a precursor to a broader policy revision later this year to rein in its extraordinary stimulus measures.The dollar, which had been buoyed by news that the ...

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First Published: Thu, March 08 2018. 19:24 IST