Gold Rallies on ECB Rate Cut

Reuters reported that gold rebounded  Thursday, lifted by a ECB rate cut.

As quoted in the market report:

The metal gained even as the dollar strengthened against the euro and other currencies after the ECB lowered its main rate by a quarter percentage point to 0.50 percent, and pledged as much liquidity as euro zone banks need well into next year.

To view the whole Reuters report, click here.