Gold Moves Sideways as ECB Cuts Benchmark Interest Rate

Now watching

Next video starts in : 7 Play

Gold Moves Sideways as ECB Cuts Benchmark Interest Rate

Gold Moves Sideways as ECB Cuts Benchmark Interest Rate
Replay video
Up next

Netflix Rockets Higher; Goldman and Citigroup Beat Estimates

Unlock your personal NFL Now stream by signing in to NFL.com

Gold Moves Sideways as ECB Cuts Benchmark Interest Rate

by TheStreet 2:19 mins

Gold Moves Sideways as ECB Cuts Benchmark Interest Rate

by TheStreet 2:19 mins

Gold prices move sideways on Thursday after the European Central Bank cut its benchmark interest rate to 0.15%. Rosland Capital senior economic adviser Jeffrey Nichols tells TheStreet's Joe Deaux that the ECB's move is a mixed blessing for gold. While it suggests more economic stimulus from Europe, it also strengthens the United States dollar. Gold investors also may be waiting until the May jobs report emerges Friday before they decide to buy or sell the yellow metal. Nichols says the employment report could influence gold prices, but this current range may hold if the data is in line with expectations.

TheStreet

Finance

  1. 4:19

    R.I.P. bull market?

  2. 14:02

    Bull market bust, GE reports and the secret to a successful fundraising campaign

  3. 3:15

    GE stock clinging to gains after earnings report

  4. 2:12

    Apple Watch, Greece, earnings from Facebook and Google: What to watch next week

  5. 2:05

    The sexy secret to a successful fundraising campaign

  6. 13:18

    Investors eye inflation; GE's earnings; Mattel's crowdsourcing