Gold fell for the first time in three sessions in New York as the U.S. Federal Reserve meets today and may decide on the timeline for reducing stimulus. Silver also slid.
About 34 percent of economists surveyed by Bloomberg on Dec. 6 predicted that the Fed’s Federal Open Market Committee will start paring stimulus when it concludes a two-day policy meeting tomorrow. Gains in manufacturing, technology and housing fueled “modest to moderate” economic growth from early October through mid-November, the central bank said in its Beige Book survey released Dec. 4.
via Bloomberg
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Alfonso Esparza
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.
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