Scoreboard: Putin power play

By Craig James

Comex gold futures quote rose by $US4. 30 or 0. 3 per cent to $US1,312. 50 per ounce.  Iron ore rose by US10c on Thursday or 0. 1 per cent to $US96. 00 a tonne.

As expected the European Central Bank kept its main interest rate at a record low of 0. 15 per cent.   The FTSEurofirst 300 index fell by 0. 7 per cent with the German Dax down by 1 per cent while the UK FTSE lost 0. 6 per cent.

Other metals lifted between 0. 2 per cent and 1. 1 per cent.  Gold prices rose on Thursday supported by safe-haven buying.

Base metal prices were mostly higher on Thursday with the exception of zinc which fell 1. 4 per cent.

Read more here: Business Spectator


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