It's a huge positive for gold. If this news had been out, Friday's gold /commodity butchering would not have happened. Traders were concerned about looming GFC2. Now we have Europe creating trillions in new liquidity. US may not be far off... Liquidity liquidity more liquidity is gold's biggest friend.
Short term who knows. Technical factors may be at play. But gold 2000 before year's end is back on cards