European Central Bank President Mario Draghi’s Thursday announcement of a €60-billion-a-month government-bond buying program sent the euro tumbling to multiyear lows against its main rivals.
The euro EURUSD, -0.21% was worth $1.1349 in recent trade, its lowest level since September 2003, compared with $1.1588 late Wednesday in New York. The shared currency EURJPY, -0.16% traded at ¥134.54, its lowest level since November 2013, compared with ¥136.50 Wednesday. Meanwhile, the pound traded EURGBP, -0.09% at £0.7565, compared with £0.7660 Wednesday.
In other metals, platinum for April delivery PLJ5, +0.00% gained $8.40 to $1,284.80 an ounce, while palladium for March delivery PAH5, -0.51% climbed $4.05 to $772.30 an ounce.
High-grade copper for March delivery HGH5, -1.38% fell 3 cents to $2.58 a pound.
Gold prices strengthened Thursday to reclaim the key $1,300 mark after the European Central Bank announced a full-blown stimulus plan.
Gold for February delivery GCG5, -0.27% rose $7, or 0.5%, to settle at $1,300.70 an ounce while March silver futures SIH5, -0.30% advanced 17 cents to $18.36 an ounce in electronic trading.
