Gold falls amid investors booking profits before ECB meeting

Source: Investing.com
On Thursday gold in the US declined due to investors booking profits ahead of the ECB meeting. Over the night from Wednesday gold remained above $1,300 level amid weak data on the US building permits, whereas housing starts met expectations and rose. Futures for February delivery dropped $7.60 and traded at $1,286.10 per troy ounce, compared to Wednesday's weekly high of $1,307.00. However, the yellow metal added approximately 10% in 2015 as investors sought safety from global financial market volatility.
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Thu, 22 Jan 2015 11:32:06 GMT

GBP/USD gains due to stronger sentiment

The Sterling advanced versus the US Dollar on Thursday amid improved sentiment before the ECB's meeting. The Cable hit 1.5173, the highest level during the morning trading session. One of the reasons for stronger Pound was the UK public sector net borrowing, which increased to £12.47 billion in the preceding month, beating expectations of a £9.7 billion decline. The Pound also gained

Thu, 22 Jan 2015 10:53:06 GMT

Oil futures slide ahead of ECB data

On Thursday crude oil futures slumped ahead of the conclusion of the ECB's meeting. WTI oil for March delivery lost 53 cents and traded at $47.25 per barrel, compared to $47.78 per barrel on the previous day. Brent crude futures for March delivery also declined, losing 29 cents and settling at $48.74 per barrel. According to expectation's, the US report

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