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The ECB has left the interest rates unchanged at record low of 0.75%. This has boosted Euro and weakened dollar raising prices of gold.

04 Oct 2012

LONDON(Commodity Online): Gold prices on the Comex are inching towards $1800 levels as the ECB President Mario Draghi is convening the press meet. Currently the figures are at $1790. The ECB has left the interest rates unchanged at record low of 0.75%. This has boosted Euro and weakened dollar raising prices of gold. At one point the gold prices touched $1797.2.

Silver on the Comex crossed $35 at one time and was seen trading at $34.785 a gain of 0.09 dollars. 

The markets look to be highly volatile as the ECB press meet continues. 


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