Gold erases overnight price losses on bullish data

The just-released U.S.

The ECB said it will keep monetary policy easy and maybe easier until the target inflation rate of 2.0% is reached.

Technically, gold futures bulls have lost their slight overall near-term technical advantage as  a price uptrend on the daily bar chart has been negated.

The silver bears have the firm overall near-term technical advantage as prices have this week seen a bearish downside “breakout” from a sideways trading range.

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