Gold futures fell Wednesday amid a lack of positive catalysts ahead of tomorrow’s European Central Bank monetary policy decision.
December gold lost $10.40, or 0.9%, to settle at $1,167.10 an ounce on Comex, a weekly low.
Traders expect the ECB to signal further stimulus may be on the way in December. That could strengthen the U.S. dollar, denting commodity prices.
Most metal prices were also lower.
December silver fell 20.7 cents, or 1.3%, to $15.71 an ounce, while December copper fell to $2.361 a pound.
The material has been provided by InstaForex Company – www.instaforex.com