Gold slips as dollar benefits from ECB bond-buying extension

Reuters/Zandi Shabalala/10-27-17

Gold prices touched their lowest point in nearly three weeks on Friday as the euro slipped against the dollar following the European Central Bank’s extension of its bond-buying programme.

Currency investors played a diverging monetary policy outlook, with the U.S. expected to raise interest rates again before the end of 2017 while Europe is not now expected to do so in the coming years.

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