Gold
retreated as the dollar traded near a five-year high before a European
Central Bank meeting today that may give indications on further
stimulus.
The
Bloomberg Dollar Spot Index was little changed before data due tomorrow
thats forecast to show U.S. jobs growth and amid speculation ECB policy
makers will signal more stimulus. President Mario Draghi said last
month they are open to buying a wide variety of assets.
The
greenback has strengthened as the Federal Reserve considers raising
borrowing costs while other central banks take steps to spur growth. A
stronger dollar and higher U.S. interest rates reduce golds allure
because the metal generally offers investors returns only through price
gains.
Gold
for February delivery fell 0.5 percent to $1,202.20 an ounce by 7:18
a.m. on the Comex in New York. Bullion for immediate delivery declined
0.6 percent to $1,202.25 in London, according to Bloomberg generic
pricing.
Source : Bloomberg
0 komentar :
Post a Comment