Gold Holds Steady Ground Above $1,400 an Ounce as ECB Leaves Rates Unchanged

Reuters reported that gold held ground above $1,400 an ounce on Thursday, while investors wait for word on U.S. jobs data and were encouraged by the ECB’s decision to hold rates steady, citing confidence in a gradual recovery.

As quoted in the market report:

Spot gold bounced from initial losses to $1,403.56 an ounce, up 0.1 percent by 1158 GMT. U.S. gold futures for August delivery rose 0.3 percent to $1,403.30 an ounce.

To view the whole Reuters report, click here.