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

Jun. 06, 2013 06:59AM PST

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

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.

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