Spot gold was flat at $1,945.87 per ounce by 0307 GMT, after hitting its highest since Sept. 3 at $1,950.51 on Wednesday.
Spot gold was down 0.2% at $1,925.68 per ounce by 0048 GMT.
Heads of central banks discussed the long-term ramifications and economic upheaval caused by the pandemic at the Federal Reserve’s flagship annual event.
The rally in the US has rubbed off on all major markets, despite complete pandemonium in almost all economies
Markets are merely following an explosive rise in central bank assets
German constitutional court ruled it exceeded its powers with its asset purchase scheme.
Allocation to emerging markets has room to fall further
Sectorally, selling pressure was seen in BSE Finance, Oil & Gas, Bankex, Consumer Durable, Auto as well as Energy indices.
With much of Europe in lockdown amid the coronavirus outbreak, economic activity has come to a near standstill and markets have been in a tailspin, foreshadowing a deep recession on par with the 2008 global financial crisis and raising questions about the euro zone's cohesion at times of stress.
Amar Deo Singh of Angel Broking feels it could be a good buying opportunity for long term investors with valuations turning attractive
The sources acknowledged the ECB was under increasing pressure to lower its policy rate further after a surprise Federal Reserve cut on March 3.
The upcoming Union Budget 2020-21 raises expectations of holistic development through long-term solutions designed to stimulate demand across the industry, including real estate
"To think it's autopilot, that's ridiculous," Lagarde said on Bloomberg TV. "There's a forward guidance which is strong, which is setting a very clear timetable but it's fact dependent. Let's look at the facts, let's look at how the economy evolves."
The chart shows the markets took off when the central banks started expanding their assets through the Quantitative Easing (QE) programmes.
The investment will support Satin Creditcare Network (SCNL) in its planned expansion, portfolio growth and its efforts in increasing financial inclusion through its operations in 22 states, the micro-finance company said in a statement.
Invest in Visions (IIV) is a social impact investing firm that manages an open-ended fund aimed at microfinance institutions in countries like Bolivia, Cambodia, Kosovo, Moldova and Tajikistan.
The former International Monetary Fund chief, who took over Europe's most powerful financial institution on Nov. 1, has promised a rigorous assessment of how the ECB does business, weighing fundamental issues like changing the inflation target and how to fight climate change.
RBI’s own track record has been poor with no woman Governor and 3 women Deputy Governors in 2000s
Moneycontrol's Shraddha Sharma does a 3-Point Analysis of the QE measures and how it will impact the global market.
On MCX, October gold futures traded 0.20 percent lower at around Rs 37,675 per 10 gram, down Rs 75. It has fallen more than Rs 2000 from last week's highs of Rs 39,885.
The ECB cut its deposit rate to a record low -0.5% from -0.4% and will restart bond purchases of 20 billion euros a month from November, it said in a statement.
Some policymakers have voiced concerted, public opposition to more radical stimulus measures, particularly the restarting of bond purchases, known as quantitative easing.
The government seems to have run out of options to boost economic growth. Its tax revenues are flat in the June quarter leaving little fiscal space to spend more. So it is flogging its one-trick pony of trying to boost credit growth.