Gloomy data reignited calls for more monetary stimulus to support the economy.

Expectations for a new U.S. monetary stimulus fuelled a rally in gold.

The scope for fiscal and monetary stimulus will be much less in future.

Last week the index touched a three-month high on ECB monetary stimulus hopes.

Economists who predict extra monetary stimulus say the move is unlikely before June.

So why isn't it engaging in another round of monetary stimulus?

Economists said worsening job losses underscored the need for additional fiscal and monetary stimulus.

Analysts said this increased the chances of more monetary stimulus from the central bank.

The reduction in U.S. monetary stimulus, known as tapering, has impacted emerging markets negatively.

Analysts said the country was, for now, in no mood to expand monetary stimulus.

On Friday, Fed Chairman Ben Bernanke hinted more monetary stimulus was on the way.

Federal Reserve vice chair Janet Yellen on Monday backed the current aggressive monetary stimulus.

Federal Reserve vice chairwoman Janet Yellen on Monday backed the current aggressive monetary stimulus.

More monetary stimulus would be expected to keep yields lower.

There are limits to what can be achieved by general monetary stimulus in any form.

The likelihood for more monetary stimulus from the United States also supported gold, Trivedi said.