Gold (XAU/USD) is trading up by about 0.2% in the $2,360s on Thursday after the European Central Bank (ECB) decides to cuts interest rates by 0.25% at its June policy meeting.

Gold price trades in the green but is off the day's highs of $2,200 reached during the overnight session for North American traders

Gold price trades in the green but is off the day's highs of $2,200 reached during the overnight session for North American traders

Gold declined on Tuesday following a hotter-than-expected US Consumer Price Index report. US inflation rose to 3.2% YoY

Gold declined on Tuesday following a hotter-than-expected US Consumer Price Index report. US inflation rose to 3.2% YoY

The gold price is strongly bullish after failing to retest the uptrend line. A new lower low activates a corrective phase.

The gold price is strongly bullish after failing to retest the uptrend line. A new lower low activates a corrective phase.

XAU/USD is up over a full percent bottom-to-top on Monday, with intraday bids accelerating into the high end. Investors are ramping up

XAU/USD is up over a full percent bottom-to-top on Monday, with intraday bids accelerating into the high end. Investors are ramping up

Although the Gold market is likely to pick up in the medium to long term, there is a lack of momentum in the short term

Although the Gold market is likely to pick up in the medium to long term, there is a lack of momentum in the short term

Spot Gold is surging on Friday, crossing $2,060.00 amidst renewed hopes for Federal Reserve rate cuts sooner rather than later

Spot Gold is surging on Friday, crossing $2,060.00 amidst renewed hopes for Federal Reserve rate cuts sooner rather than later

Gold prices fell in Asian trade on Monday, extending losses from the prior week as of strong labor market data and hawkish Federal Reserve signals saw markets

Gold prices fell in Asian trade on Monday, extending losses from the prior week as of strong labor market data and hawkish Federal Reserve signals saw markets

Futures tick higher, gold gains, Costco's earnings beat - what's moving markets

Futures tick higher, gold gains, Costco's earnings beat - what's moving markets

what happened in 2008 and 2013 after analogous breakdowns? That’s right, gold stocks declined in a profound manner.

what happened in 2008 and 2013 after analogous breakdowns? That’s right, gold stocks declined in a profound manner.

Read Weekly Gold Analysis: Gold in Strong Resistance as It Approaches Key Level

Gold prices rallied nearly 2% into the start of the week but closed just fractionally higher on the session yesterday after failing just ahead of resistance.

The price of gold climbs to a fresh yearly high ($1555) amid growing tensions between the US and China, and current market conditions are likely to keep bullion