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– Policymakers have averted “a global recession and a period of stagflation” and brought inflation down considerably, but unmanageable debt loads and growing trade disputes continue to threaten growth, according to IMF Managing Director Kristalina Georgieva.As gold catches its breath, analysts look for silver and platinum to play catchup
-The gold market is holding its ground near record highs as the European Central Bank continues to hold interest rates unchanged.In a much-anticipated move the ECB said it would leave interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 4.50%, 4.75% and 4.00% respectively.The gold market is not seeing much movement in initial reaction to the latest monetary policy decision. Spot gold last traded at €2,177.
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