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Gold Slips a Third Day Before ECB Meeting as ETF Holdings Fall

  • Holdings in exchange-traded gold falls first time in 19 days
  • Gold futures post longest losing streak in almost two months
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Holdings in ETF Gold Falls First Time in 19 Days

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Gold futures fell for a third straight day as investors pulled back ahead of the European Central Bank’s meeting on Thursday. Bullion in exchange-traded funds dropped for the first time in 19 days, ending the longest run since 2010.

Traders are awaiting clues on what additional steps ECB President Mario Draghi is prepared to take to boost growth in the region, said George Gero, a managing director at RBC Wealth Management in New York. The U.S. Federal Reserve is due to make a decision on interest rates next week.