Gold futures settled sharply lower Thursday, reversing a morning climb, after the European Central Bank’s decision to signal its plan to ease monetary policy disappointed investors by not including immediate action or details of its likly efforts.
The ECB said it stood ready to cut interest rates and deliver “highly accommodative” monetary policy, including additional asset purchases, in its effort to push stubbornly low inflation back toward its target amid signs of deteriorating economic conditions in the eurozone.
