PT. Equityworld Futures - Gold rebounded from the
lowest level in a month as European leaders failed to agree on Greece™s
bailout program after talks in Brussels.
Bullion for immediate
delivery rose as much as 0.4 percent to $1,223.57 an ounce and traded at
$1,223.35 at 9:35 a.m. in Singapore on Thursday, according to Bloomberg
generic pricing. Earlier, bullion fell to $1,215.30, the lowest level
since Jan. 9, after the dollar advanced to 10-year high.
Gold
climbed 3.3 percent this year as the Greek crisis and more stimulus in
Europe and Asia offset the impact of a stronger dollar and prospects for
higher U.S. rates. Euro-region finance ministers failed at the meeting
to reach an agreement on how to keep bailout funds flowing to Greece and
are set to resume talks next week. The impasse risks leaving Greece
without funding by the end of this month, when the current bailout
expires.
Eurogroup Chairman Jeroen Dijsselbloem said that while
the ministers covered a lot of ground, they didn™t reach a joint
conclusion on how to take the next steps. A Greek official said that no
agreement had been made and the government won™t accept an extension of
the existing bailout program.
The Bloomberg Dollar Spot Index was
at 1,173.92 from 1,174.87 on Wednesday, the highest close since at least
December 2004. The gauge is 3.8 percent higher this year amid
speculation that the Federal Reserve will start to increase borrowing
costs.
Gold for April delivery rose 0.3 percent to $1,223.10 an
ounce on the Comex after dropping on Wednesday to $1,216.50, the lowest
price since Jan. 9.
Silver for immediate delivery added 0.2
percent to $16.8416 an ounce. Spot platinum was 0.3 percent higher at
$1,197.25 an ounce, rebounding from $1,192 on Wednesday, the lowest
level since Jan. 2. Palladium rose 0.3 percent to $770.95 an ounce.
sumber : ewfpro.com