Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
German 5 year yield has plunged into new record low today. German 5 year Yield traded as low as -0.32%, before recovering ground and being positive for the day. European Central Bank (ECB) executive board member Benoît Cœuré signaled that ECB stands ready to act, next of which is coming in March.
According to Mr. Cœuré's speech in Budapest,
- ECB stands ready to play its part in recovery and it has ability to do so.
- ECB is serious on ensuring price stability, which has let the bank to introduce quantitative easing last year, readjust policy in December and ready to review and possibly recalibrate in March.
He also supported ECB's unconventional monetary policy saying -
- Euro area numbers are clearly showing that monetary policy is having its intended effect.
He however suggests, for long lasting economic well-being, European Monetary Union (EMU) should complete economic and monetary union. Political convergence remains key for the area.
Key question would remain for March, whether or not, after December disappointment, ECB overwhelm markets with further easing. Recent actions from BOJ should give some arguments in favor of doves, along with recent drop in oil price.
Euro is currently trading at 1.0875 against Dollar.
