Scotia Bank Daily Gold Market Watch issued in May 3rd

Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in May 2nd.

Gold prices gained strength, thanks to the news of the ECB cut rate. The gold trading session opened at $1,462 to reach a high $1,473.25 and close at $1,468, totaling a gain by 0.7% for the day and recovering for the last 5 days to record almost no change in prices.

The gold-silver ratio remains unchanged at 61.60.

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