Gold prices inch higher; all eyes on ECB meet

World News: . []

Gold prices inch higher; all eyes on ECB meetSpot gold was up 0.3% at $1,490.09 per ounce, as of 0414 GMT. U.S. gold futures were little changed at $1,498.8 an ounce. 'The ECB is expected to reduce further the interest rate into negative territory... The meeting could serve as a potential catalyst (for gold) and investors are already buying into the rate cut expectations,' said Margaret Yang Yan, a market analyst at CMC Markets.


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