Gold steady as UK goes to polls, ECB meeting in focus

June 8, 2017

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Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal.

Polling has started in the UK national elections, while the European Central Bank (ECB) may discuss dropping additional stimulus pledges at a meeting later and former United States Federal Bureau of Investigation director James Comey will testify before the US Congress about his interactions with President Donald Trump later in the day.

Category: General