Daily Archives: 22. July 2016

Gold rallies after three-week low, ECB announces stimulus

Gold prices rallied just above a three-week low on Thursday after slipping to the lowest prices since late June. This comes after the European Central Bank (ECB) decided to leave interest rates at record lows as it looks to revitalize growth and inflation with cheap credit to the economy. Additionally, the ECB announced they would consider integrating stimulus as needed once the economic impact of the Brexit vote have are made clearer.