The European Central Bank (ECB) expanded its accommodative stance. The Fed could follow suit, supporting the gold prices. The Governing Council of the ECB met last week, announcing significant, dovish changes to its monetary policy. First of all, the ECB decided to increase the envelope of the pandemic emergency purchase program (PEPP) by €500 billion to a total of €1,850 billion. It also extended the horizon for net purchases under the PEPP to at least the end of March 2022. Second, the ECB decided to extend the reinvestment of principal payments from maturing securities purchased under the PEPP until at least the ... (full story)