Gold swung between gains and losses near a two-week low in London as investors weighed speculation the U.S. Federal Reserve will curb stimulus against a weakening dollar.
Data released last week showed U.S. payrolls increased more than forecast in May, and Fed Chairman Ben S. Bernanke said last month that the central bank could curtail its $85 billion monthly bond purchases if the economy improves. The dollar was little changed against six major currencies after falling to the lowest level since Feb. 21 yesterday.
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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