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Metals Stocks: Gold futures moderately higher after Bank of England rate cut

Gold futures climbed Thursday as the Bank of England cut interest rates and unleashed a new round of asset purchases to stem concerns about the aftermath of the U.K.’s decision to exit the European Union.

The central bank cut its key lending rate by a quarter of a percentage point to 0.25% and unfurled a mix of measures, including reviving its bond-buying program, to help stimulate the country’s economy in the wake of the June 23 vote to exit the European Union. Although the rate cut was expected, the additional stimulus measures surprised the market.

Check out: Recap of BOE Gov.

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