Gold continues to trade with the single currency with little physical interest. So far, gold has failed to attract any safe-haven inflows, instead trading as any other risk asset and in line with the broader market sentiment
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should pursue an “open-ended” quantitative easing program of “substantial magnitude” to boost growth and hiring amid a global slowdown.
Speculators increased bullish commodity positions by the most in two years as prices rebounded from a bear market, boosted by a crop-damaging drought in the U.S. and moves by China and Europe to spur economic growth.
Federal Reserve Bank of Atlanta President Dennis Lockhart said recent U.S. economic reports, including weakness in the labor market, indicate the recovery may be losing momentum after last year’s fourth quarter.
Richard Fisher, president of the Federal Reserve Bank of Dallas, said further bond purchases would do little to aid the U.S. economy while fueling perceptions the central bank is encouraging government spending