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Gold prices hit new high ahead ECB meeting
黄金价格再创新高
Gold prices hit a five-month high as the precious metal reached 1,300 dollars an ounce on Wednesday. Worries built on concerns that the European Central Bank might come up with stimulus measures falling short of market expectations fuelled the safe-haven drive to gold.
It's widely expected that the ECB may introduce quantitative easing policies on Thursday to aid the region's weak economy. Gold has jumped 9 percent in less than three weeks. Analysts say, technical buying was also behind gold's jump earlier on Tuesday. Spot gold reached 1,302 dollars an ounce early in London but fell below that mark after that.
