Gold prices rose Thursday as Poland s new Prime Minister, Donald Tusk, rowed back from prosecuting PIS-appointee Adam Glapinski but repeated his wish to fire him as head of the NBP, the world s No.2 gold-buying central bank this year behind China
The Euro area composite flash PMI fell by 0.6pt to 47.0 in December, below expectation, raising the risk that the region may experience a recession in the second half.
With rapidly weakening inflation, a feeble economy, and one hawkish policymaker changing tack, traders are heaping bets on a reduction as soon as March.
The gold price hit a 6-month high against a falling US Dollar on Tuesday, holding above $2000 for a 3rd session running as Western stock markets cut November s steep gains on less certainty over Fed interest-rate cuts