PT. Equityworld Futures - Gold futures rose on demand for a haven as Greece remained locked in negotiations to secure funding and avoid a default.
Greek
government bonds were set for their worst week since the aftermath of
the Syriza party’s election in January. The nation faces payments of
almost 1 billion euros ($1.1 billion) next month. Earlier, gold climbed
as much as 0.8 percent to $1,207.80 an ounce.
Two Federal Reserve
officials have said that a recent run of weak U.S. economic data makes
them wary of raising borrowing costs too soon, reinforcing forecasts
that the Fed will wait until September to tighten. Higher interest rates
damp the appeal of gold, which generally offers returns only through
price gains.
Gold futures for June delivery climbed 0.4 percent to
settle at $1,203.10 at 1:50 p.m. on the Comex in New York. The metal
has climbed 5.4 percent from a four-month low of $1,141.60 on March 17.
The
cost of living in the U.S., excluding fuel and food, rose 0.2 percent
in March, signaling that inflation is starting to firm. Some investors
buy gold as a hedge against higher consumer prices.
Sumber : ewfpro.com