PT. Equityworld Futures - Gold and silver were
poised for the biggest weekly rallies since January as declines for the
dollar increased the appeal of precious metals as alternative
investments.
The Bloomberg Dollar Spot Index, which tracks the
greenback against 10 major currencies, headed for the steepest weekly
drop since 2011.
Gold and silver prices declined last week as
investors exited in anticipation of an increase for borrowing costs.
Higher rates cut gold’s allure because the metal generally offers
returns only through prices gains, sending investors to assets with
better yield prospects such as bonds.
Gold futures for April
delivery rose 1.1 percent to $1,181.30 an ounce at 10:29 a.m. on the
Comex, heading for a weekly advance of 2.5 percent. That would be the
biggest gain since Jan. 16.
Silver futures for May delivery jumped
3.3 percent to $16.645 an ounce on the Comex, poised for a weekly
increase of 7.4 percent, also the most since Jan. 16.
The Bloomberg Commodity Index of 22 raw materials rose as much as 1.5 percent.
sumber : ewfpro.com