by Adrian Ash
Financial Sense
Gold investment prices rose from 3-week lows but struggled to hold gains versus major currencies on Thursday as world stock markets retreated from new all-time highs amid news that neither Japan nor the Eurozone plan to add more monetary stimulus for the time being.
Briefly topping $1320 per ounce, €1200 in Euros and £1000 for UK investors, gold edged back at lunchtime in London as the European Central Bank announced no change to either its QE bond-buying or zero refinancing rate, nor a further cut to its 0.4% negative interest rate on commercial bank deposits.
European equities meantime slipped for the first session in five as commodity prices edged higher with major government bond yields.