Gold eased slightly on Thursday after three days of gains as the U.S. dollar rose and the European Central Bank left interest rates unchanged, maintaining the parameters of its 1.74 trillion euro ($1.95 trillion) asset buying scheme. The ECB has provided extraordinary stimulus in recent years, cutting interest rates into negative territory and pushing the cost of credit to all-time lows. Ultra-low rates tend to support gold, though that is often offset by the impact of a weaker euro. The dollar index rose to a seven-month high against a basket of currencies, extending gains after a stronger-than-expected U.S. existing home sales report. Gold was down at $1,266.10 an ounce after tapping a two-week high at $1,273.82. Democrat Hillary Clinton kept taking lead after the final U.S. presidential debate, improving risk appetite and pressuring on gold in near term. Traders are closely watching U.S. data for clues about when the U.S. Federal Reserve will raise interest rates, which will determine the yellow metal’s moves.

On chart, gold is traded around the 200-day moving average of $1,268.81 during recent sessions. On Thursday, it pulled back from the level once again and closed at $1,266.26. The MACD index pointed to be bullish, suggesting that gold is expected to move up in coming sessions with resistance at $1,276.

 
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