Gold creeped up following recent falls, spurred by a weaker dollar and short covering ahead of the ECB Interest Rate decision later today. The dollar may well determine the direction for gold, as we not only have the ECB, but retail sales figures from the US.

Gold&Silver

Gold & Silver

METAL

LEVEL

CHANGE

GOLD

$1,139.35

-$0.80

SILVER

$18.51

-$0.10

Market News

  •  The release of the Beige Book data last night showed that whilst the economy is still sluggish, there had been signs of improving conditions
  • The GFMS, the consultancy that complies gold data, confirmed that in 2009, investors bought more gold than jewelers, for the first time in three decades

Major Economic News

TIME

MARKET DATA

TBA

ECB INTEREST RATE DECISION