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Gold Prices Slip and Remain Below $1,500 Level; All Eyes on ECB
Gold costs slipped on Wednesday in Asia and stayed beneath the $1,500 level as brokers anticipated the up and coming European Central Bank (ECB) month to month meeting.Gold Futures for December conveyance slipped 0.1% to $1,498.35 per ounce by 12:42 AM ET (04:42 GMT) on the Comex division of the New York Mercantile Exchange.
The result of the ECB's month to month meeting is relied upon to affect gold costs in the not so distant future, as some expect a rate decrease from the national bank as a feature of a more extensive bundle to invigorate the eurozone economy.
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