PT. Equityworld Futures - Gold held near the lowest
in three months as the dollar extended gains on speculation the Federal
Reserve will raise interest rates this year as the economy recovers.
Bullion
for immediate delivery traded at $1,168.53 an ounce by 9:43 a.m. in
Singapore from $1,167.21 on Monday, according to Bloomberg generic
pricing. Gold fell to $1,163.84 on Friday, the lowest since Dec. 1,
after a report showed the U.S. jobless rate fell to the lowest in almost
seven years.
Investors are weighing data for clues on when the
central bank may raise rates from near zero. The Bloomberg Dollar Spot
Index is at the highest in a decade after the U.S. jobs report saw
traders bolster bets on a September rate rise. Fed Bank of Dallas
President Richard Fisher warned that delaying higher borrowing costs
risked recession. Higher rates curb gold’s appeal as it generally gives
returns only through price gains.
Gold for April delivery traded at $1,167.50 an ounce on the Comex in New York from $1,166.50 on Monday.
Silver for immediate delivery rose 0.2 percent to $15.8054 an ounce, after falling to $15.7222, the lowest since Jan. 5.
Sumber : ewfpro.com