Strange wording in that link "gold-poised-to-drop-as-ecb-seen-cutting-interest-rates.html"
gold poised to drop?
The story itself suggests gold is likely to rise which is what would be expected if rates are cut.
“Expectations are for a cut in the interest rate,” Alexandra Knight, an economist at National Australia Bank Ltd., said by phone from Melbourne. That “could give a bit of support to gold. Inflationary pressures are likely to increase, if anything, if there’s further monetary-policy easing.”
In any case, I think we are seeing ABU rise on anticipated strong assay results rather than expected moves in the POG.
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