Gold Rebounds From Three-Week Low as Europe May Add Stimulus
- Central bank waiting to see clearer picture of Brexit impact
- ‘Continued easy money’ seen pushing up gold: Optionsellers.com
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Gold rebounded from a three-week low after the European Central Bank said it will consider adding stimulus as needed once it has a clearer picture of the Brexit vote’s economic impact.
“If warranted to achieve its objective, the Governing Council will act by using all instruments available within its mandate,” ECB President Mario Draghi told reporters in Frankfurt on Thursday.