Gold prices were lower Thursday morning, trimming recent gains as the European Central Bank left interest rates unchanged.
Policymakers wait to measure the impact of the December stimulus measures.
ECB President Mario Draghi’s customary press conference will be keenly watched for hints of more stimulus measures in March or June.
Gold for February was down 6 dollars at $1,100 an ounce, having recently bucked the severe downtrend in commodities thanks to its safe haven appeal.
The material has been provided by InstaForex Company – www.instaforex.com