Gold Price Firmer Ahead Of ECB Meeting Conclusion
New York (July 21) Global stock markets were narrowly mixed Thursday, as traders and investors awaited the results of today's meeting of the European Central Bank. The ECB is not expected to announce new monetary policy stimulus measures at this meeting. However, it's expected that at his press conference after the meeting, ECB President Mario Draghi will lay out plans for future stimulus coming from the ECB. World stock markets have been buoyed this summer on ideas the major central banks of the world will continue their very easy money policies-especially after the Brexit vote in late June.
Spot gold rose $4 to $1319, while spot silver inched up $8 cents to $19.34.