PT. Equityworld Futures - Gold
futures fell, paring gains from a three-week rally, as Goldman Sachs
Group Inc. said low inflation and higher U.S. interest rates will drag
down prices later in 2015.
Goldman pegged the
metal at an average $1,089 an ounce for 2016 and $1,050 in 2017, both
down from $1,200 forecasts. Gold will be supported at current levels for
the next few months because of weaker-than-expected U.S. economic data
and more stimulus from the European Central Bank, the New York-based
bank said Friday in a report.
Gold futures for
February delivery declined 0.6 percent to settle at $1,292.60 at 1:52
p.m. on the Comex in New York. On Thursday, the price reached $1,307.80,
the highest for a most-active contract since Aug. 15.
The Stoxx Europe 600
Index rose on Friday to the highest since December 2007, and the euro
pared declines against the dollar, eroding the appeal of gold as an
alternative asset.
This month, gold has
jumped 9.2 percent as stagnating economies challenged policy makers to
find new ways to buoy growth. ECB President Mario Draghi pledged to buy
60 billion euros ($67 billion) of debt a month through September next
year.
Silver futures for
March delivery fell 0.3 percent to $18.30 an ounce. This year, the price
has jumped 17 percent, the most among 22 raw materials in the Bloomberg
Commodity Index.
Sumber : ewfpro.com
