Market news
07.03.2013, 16:24

Gold steady fifth consecutive session

Today were meetings of central banks of Japan, the eurozone and Britain, which left unchanged course of monetary policy, which is not allowed to go beyond the gold week range.

While the euro rose against the dollar significantly on comments by ECB President Mario Draghi. Draghi expressed confidence in the prospects for recovery of the eurozone economy, despite the fact that the forecast has been lowered to the range of decline of 0.9% -0.1%, while the CPI is expected at 1.2% -2.0% in the current year.

According to the head of the Central Bank, the gradual recovery of the European economy will begin in the second half. Another piece of good news was the message that the banks have already paid 40% of net liquidity injected in the operations of LTRO.

Its meeting held earlier Bank of England, which resulted in the central bank has decided not to change the current course of monetary policy. The last time the Central Bank increased the size of the asset purchase program (50 billion f.st.) July 5, 2012, bringing its way to 375 billion, "the Bank will continue to buy high-quality assets of the private sector, financing such purchases through the issuance of treasury bills, in accordance with the measures that have been announced January 29, 2009 and November 29, 2011, "- said in an accompanying statement.

April futures price of gold on COMEX today is trading in the range of 1574.70 - 1584.90 dollars per ounce.


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