Gold Steadies on Thursday in Reaction to ECB Decision

Reuters reported that gold held steady on Thursday as investors were quiet in reaction to news of the European Central Bank’s decision to hold rates.

As quoted in the market report:

Confidence in gold has ebbed this month after it failed to push above $1,730 in November. A weak technical picture helped push prices to a one-month low on Wednesday, taking them below their 100-day moving average for the first time since August.

To view the whole Reuters report, click here.