Gold Rises But Keeps and Eye on US Economic Indicators

Gold gained for the first time in four days in New York as investors weighed the Federal Reserve’s stimulus plans before reports forecast to show the U.S. economy is improving.
Futures lost 23 percent since the start of April, heading for a record quarterly loss, after the Fed said last week the central bank may slow asset purchases if the economy continues to improve. Reports due today may show jobless claims fell and personal incomes and spending rose, estimates compiled by Bloomberg show. New York Fed President William C. Dudley and Atlanta Fed President Dennis Lockhart are both speaking today. Richmond Fed President Jeffrey Lacker said in a Bloomberg Television interview yesterday that he expects “a couple more years of sluggish growth.”

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza