Gold reclaims $1,300 level as ECB rolls out QE
By GCRU Gold News on Thursday, January 22 2015, 21:49 - Permalink
On Thursday, ECB President Mario Draghi announced an open-ended bond-buying program worth €60 billion a month as part of its quantitative easing program. The central bank said it won’t buy more than a third of any issuer’s debt.
The ECB is calling the shots for gold.