Spot Gold recovered some of the ground lost on Wednesday and trades near its daily high at $2,350.69. XAU/USD showed little reaction to Thursday’s headlines as the European Central Bank (ECB) unveiled its decision on monetary policy. On the one hand, the central bank left its monetary policy unchanged, as expected. On the other hand, officials maintain a cautious but optimistic stance, paving the way for a rate cut next summer. President Christine Lagarde repeated they remain data-dependent but noted, “We will get a lot more data by June.”
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