MCX Gold Tips: Gold futures ended lower in the national market on Thursday as the euro sank against the dollar after ECB President Mario Draghi said the bank's degree of accommodation will need to be reexamined at its December meeting. European Central Bank President Mario Draghi said policymakers will reexamine the degree of monetary policy stimulus at its December conference. Draghi added that the central bank's QE program will continue until September 2016 or beyond if needed until inflation adjusts toward 2.0 per cent. Further, a stronger dollar reduced the appeal of Gold as an alternative asset. powerful greenback makes the bullion expensive for those holding other currencies, thus reducing demand. At the MCX, bullion futures for December 2015 contract closed at Rs 26,865 per 10 gram, down by 0.33 per cent after opening at Rs 26,963, against the previous closing price of Rs 26,955. It touched the intra-day low of Rs 26,843.
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