Gold Slides as European Central Bank Snubs Bullion Purchases

Gold futures dropped after the European Central Bank said it wouldnt consider adding to bullion purchases. The ECB discussed buying all assets except the metal as it plans to reassess stimulus next quarter, President Mario Draghi said today. The comments come after Executive Board member Yves Mersch said last month that the bank could œtheoretically buy bullion. Gold has rebounded 6.8 percent since touching a four-year low on Nov. 7...

Gold Retreat as Dollar Holds Advance Before ECB Policy Meeting

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...

Bursa Saham AS Ditutup Melemah 0.1% Terkait Stimulus ECB & Penurunan Saham Energi

Bursa Saham AS melemah, setelah kemarin indeks acuan terebut ditutup pada rekornya, pelemahan hari ini akibat penurunan saham perusahaan energi dan ECB (European Central Bank) menyatakan akan menunggu hingga kuartal berikutnya sebelum mempertimbangkan kebijakan stimulus tambahan.Chevron Corp. tergelincir 1.3% akibat saham energi turun tajam diantara grup lainnya di S&P 500. Microsoft Corp. menguat 1.6% setelah Barnes & Noble Inc....

U.S. Stocks Drop on ECB Stimulus Plans as Energy Shares Retreat

U.S. stocks fell, after benchmark indexes closed at records yesterday, as energy shares slumped and the European Central Bank said it will wait until next quarter before considering additional stimulus measures.Exxon Mobil Corp. and Chevron Corp. slid at least 1.5 percent for the biggest losses in the Dow Jones Industrial Average. Microsoft Corp. rose 1.4 percent as Barnes & Noble Inc. said it will buy back the companys stake in its...

European Stocks Drop Most in Seven Weeks After Draghi’s Comments

European stocks fell after Mario Draghi said the European Central Bank will gauge the need for further stimulus early next year, quelling speculation the lender would start buying sovereign bonds soon. The Stoxx Europe 600 Index slid 1.3 percent to 344.84 at the close of trading in London. The ECB also lowered its forecasts for euro-area inflation and gross domestic product through 2016. The stocks gauge gained as much as 0.5 percent,...