Gold Settles Higher After 4 Session Decline

PT. Equityworld Futures - Gold futures settled higher Thursday, putting an end to a four-session streak of declines, but a recent rally in the U.S. dollar kept prices at more than 1% lower week to date.

Gold for June delivery rose $2.50, or 0.2%, to settle at $1,188.10 an ounce on Comex. August gold which is now the most-active contract, settled at $1,188.80, up $2.30, or 0.2%.

July silver also added 2.2 cents, or 0.1%, to $16.669 an ounce.

In other metals trade, July platinum fell $2.70, or 0,2%, to end at $1,116.30 an ounce, while June palladium lost 20 cents to $784.80 an ounce.

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Gold Decline Its Luster as Better U.S. Growth Stokes Rate Concerns

PT. Equityworld Futures - Gold is losing its shine.

Prices have erased almost all of this month’s gains, touching a two-week low on Wednesday. American consumer confidence is proving resilient and the housing market is gaining traction, reports showed this week. The figures signaled that the economy is rebounding from its first-quarter slump, dashing the hopes of gold bulls who were betting that cooler growth would delay interest-rate increases.

Federal Reserve Chair Janet Yellen said last week that rates will be raised this year. Policy makers’ next meeting ends June 17. Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through price gains.

Gold futures for August delivery dropped 0.1 percent to settle at $1,186.50 an ounce at 1:44 p.m. on the Comex in New York. The price touched $1,183.90, the lowest for a most-active contract since May 12. The metal fell for the fourth straight session, the longest slump since March 6.

Aggregate trading doubled compared with the 100-day average, data compiled by Bloomberg show.

This month, gold has climbed 0.3 percent, paring advances of as much as 4.2 percent.

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PT. Equityworld Futures - Gold futures fell to a two-week low as the dollar strengthened amid speculation that the Federal Reserve will raise U.S. interest rates this year.

The greenback climbed to a one-month high against a basket of 10 currencies, cutting demand for gold as an alternative investment. Accelerating inflation and jobs growth mean the “time is near” for a rate increase, Fed Bank of Cleveland President Loretta Mester said Monday.

Gold swung between year-to-date gains and losses more than 10 times in 2015, gyrating as traders tried to gauge when policy makers are likely to raise borrowing costs. Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through price gains.

Gold futures for August delivery declined 1.4 percent to settle at $1,187.80 an ounce at 1:46 p.m. on the Comex in New York. The metal touched $1,185.60, the lowest for a most-active contract since May 12. Trading on all monthly contracts doubled compared with the 100-day average, according to data compiled by Bloomberg.

The price dropped 1.7 percent last week. Inflation rose more than forecast in April, government figures showed Friday, and Fed Chair Janet Yellen said the same day it would be “appropriate” to raise rates this year if the economy improves.

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Gold Slumps to Two-Week Low as Dollar Gains on Fed Rate Outlook

PT. Equityworld Futures - Gold futures fell to a two-week low as the dollar strengthened amid speculation that the Federal Reserve will raise U.S. interest rates this year.

The greenback climbed to a one-month high against a basket of 10 currencies, cutting demand for gold as an alternative investment. Accelerating inflation and jobs growth mean the “time is near” for a rate increase, Fed Bank of Cleveland President Loretta Mester said Monday.

Gold swung between year-to-date gains and losses more than 10 times in 2015, gyrating as traders tried to gauge when policy makers are likely to raise borrowing costs. Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through price gains.

Gold futures for August delivery declined 1.4 percent to settle at $1,187.80 an ounce at 1:46 p.m. on the Comex in New York. The metal touched $1,185.60, the lowest for a most-active contract since May 12. Trading on all monthly contracts doubled compared with the 100-day average, according to data compiled by Bloomberg.

The price dropped 1.7 percent last week. Inflation rose more than forecast in April, government figures showed Friday, and Fed Chair Janet Yellen said the same day it would be “appropriate” to raise rates this year if the economy improves.

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Gold Drops Toward $1,200 as Interest Rate Outlook Boosts Dollar

PT. Equityworld Futures - Gold fell, extending the biggest weekly loss since April, as prospects for the first U.S. interest rate rise since 2006 helped to push the dollar to a one-month high. Silver, platinum and palladium declined.

Bullion for immediate delivery lost as much as 0.3 percent to $1,202.95 an ounce and traded at $1,203.45 at 8:54 a.m. in Singapore, Bloomberg generic pricing showed. The metal dropped 1.5 percent last week, the most since the period to April 24.

Federal Reserve Chair Janet Yellen still expects to raise rates this year if the economy meets her forecasts. Inflation is moving toward the Fed’s 2 percent target after a report on Friday showed core consumer prices climbed 0.3 percent in April, the biggest gain in two years. While a pickup in inflation can boost demand for bullion as a hedge, higher borrowing costs cut the allure of the metal, which generally only provides returns through price gains.

The Bloomberg Dollar Spot Index rose as much as 0.2 percent to 1,181.92 on Monday, the highest since April 27. The gauge rallied 2.6 percent last week, the most since September 2011.

Gold for August delivery traded at $1,203.80 an ounce on the Comex in New York from $1,204.90 on Friday. Most-active prices declined 1.7 percent last week. Silver for immediate delivery fell 0.3 percent to $17.0583, dropping for a second day. 

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Gold Steady Near $1,200 as Interest Rate Outlook Boosts Dollar

PT. Equityworld Futures - Gold prices traded little changed slipped as prospects for the first U.S. interest rate increase since 2006 helped to push the dollar to a one-month high. Silver and palladium declined.

Federal Reserve Chair Janet Yellen said she expects to raise rates this year if the economy meets her forecasts. Inflation is moving toward the Fed’s 2 percent target, with a report on Friday showing that core consumer prices climbed 0.3 percent in April, the biggest gain in more than two years. While a pickup in inflation can boost demand for bullion as a hedge, higher borrowing costs cut the allure of the metal, which generally provides returns only through price gains.

Bullion for immediate delivery rose less than 0.1 percent to close at $1,206.60 an ounce at 5 p.m. New York time, Bloomberg generic pricing showed. The metal dropped 1.5 percent last week, the most since the period to April 24.

Gold futures for August delivery gained 0.2 percent to $1,207.60 an ounce on the Comex in New York. Aggregate trading was 70 percent below the 100-day average for this time, according to data compiled by Bloomberg.

The Bloomberg Dollar Spot Index, a gauge of the greenback’s strength against 10 major counterparts, rose as much as 0.2 percent to the highest since April 27. The measure advanced 2.6 percent last week, the most since September 2011.

Silver for immediate delivery climbed 0.4 percent to $17.1775 an ounce. Platinum added 0.5 percent to $1,151.75 an ounce, while spot palladium fell 0.2 percent to $788.70 an ounce.

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Gold Trims Biggest Weekly Drop Since April Before Inflation Data

PT. Equityworld Futures - Gold advanced to reduce a weekly loss as mixed U.S. economic reports clouded the outlook for when the Federal Reserve will boost interest rates.

Bullion for immediate delivery rose 0.2 percent to $1,207.09 an ounce at 10:11 a.m. in Singapore after falling 0.4 percent on Thursday, according to Bloomberg generic pricing. The metal is set to decline 1.5 percent this week, the most since the period to April 24. Gold in Shanghai dropped.

The metal climbed to a three-month high on Monday before retreating as data showed that while jobless claims fell to a 15-year low, manufacturing remains tepid. Minutes of a Fed meeting signaled borrowing costs won’t be raised in June and growth may pick up after stalling in the first quarter. Inflation figures for April are due on Friday, when Fed Chair Janet Yellen is scheduled to speak.

Policy makers are monitoring labor market progress as part of their dual mandate, which includes an inflation target. The four-week average for jobless claims decreased to 266,250 in the period ended May 16 from 271,750, according to the Labor Department on Thursday. The Markit Economics preliminary May manufacturing index fell to the lowest since January 2014.

The consumer price index may show a 0.1 percent rise on the month after a 0.2 percent gain in March, according to a Bloomberg survey. Price increases excluding food and fuel slowed to 1.7 percent year-on-year from 1.8 percent in March.

Gold for June delivery added 0.2 percent to $1,206.30 an ounce on the Comex. Bullion of 99.99 percent purity fell 0.4 percent to 240.81 yuan a gram ($1,208.56 an ounce) on the Shanghai Gold Exchange, extending a weekly loss.

Silver for immediate delivery fell 0.1 percent to $17.1385 an ounce, set for the first weekly drop in four. Platinum was little changed at $1,154.11 an ounce, while palladium increased 0.1 percent to $781 an ounce.

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U.S. Stocks Fluctuate Near Record as Data Show Inflation Pickup

PT. Equityworld Futures - U.S. stocks fluctuated, with the Standard & Poor’s 500 Index near a record, after data showed the fastest rise in consumer prices in two years.

The S&P 500 Index slipped 0.2 percent to 2,126.73 at 9:35 a.m. in New York, after closing Thursday at a record. Markets are closed Monday for the Memorial Day holiday.

A report Friday showed the cost of living excluding food and fuel rose at a faster pace than expected in April, indicating inflation is inching toward the Fed’s goal. Fed Chair Janet Yellen is due to discuss the outlook for the economy at 1:00 p.m., as mixed economic reports have prompted investors to push back estimates for when the Fed will begin raising rates, helping to drive equities to all-time highs.

The core consumer-price index climbed 0.3 percent, the biggest gain since January 2013, according to the Labor Department. The median forecast of economists surveyed by Bloomberg called for a 0.2 percent advance.

Reports Thursday showed sales of existing homes in April unexpectedly dropped, after the March pace was the strongest in almost two years. A series of factory reports yesterday indicated the industry remains tepid this month against a backdrop of weaker global growth and a strong dollar.
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Gold Futures Decline on U.S. Inflation Data, Fed Rate Outlook

PT. Equityworld Futures - Gold futures fell as rising U.S. consumer prices signaled an approach to the Federal Reserve’s inflation target, boosting prospects for the first interest-rate increase since 2006.

The cost of living excluding food and fuel rose at a faster pace than expected in April, government data showed Friday. Fed policy makers have indicated they are watching inflation and the job market to help determine when to lift borrowing costs. The dollar extended a rally against a basket of 10 currencies after Fed Reserve Chair Janet Yellen said she expects a rate increase this year if the economy meets her forecasts.

On the Comex in New York, gold futures fell less than 0.1 percent to settle at $1,204 an ounce at 1:49 p.m. The metal declined 1.7 percent this week.

Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through price gains.

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Emas Hentikan Gain Lima Harinya Jelang Risalah The Fed

PT. Equityworld Futures - Kilau emas memudar pasca gain lima harinya jelang rilis risalah terbaru dari pertemuan The Fed seiring para investor mengkaji data ekonomi AS guna petunjuk mengenai kapan waktu kenaikan suku bunga. Sementara perak jatuh untuk pertama kalinya dalam enam hari terakhir.

Bullion untuk pengiriman segera turun 0,4% menjadi $ 1,221.18 per ons pada 9:57 pagi di Singapura, menurut harga Bloomberg. Harga naik ke level $ 1,232.44 pada hari Senin, level tertinggi sejak 17 Februari. Emas di Shanghai turun untuk pertama kalinya dalam lima hari terakhir.

Emas untuk pengiriman Juni turun 0,5% menjadi $ 1.221 per ons di Comex. Bullion kemurnian 99,99 persen turun 0,3% menjadi 244,60 yuan per gram ($ 1,226.13 per ons) pada Shanghai Gold Exchange.

Perak untuk pengiriman segera turun 1,3% menjadi $ 17,4872 per ons setelah naik ke level $ 17,7815 pada hari Senin, level tertinggi sejak Januari 29. Kepemilikan emas ETF melemah pada hari Senin ke level terendah sejak Januari tahun lalu.

Platinum turun 0,8% menjadi $ 1,167.50 per ons menghentikan reli lima harinya, yang terpanjang sejak Juni 2014. Palladium turun 0,2% menjadi $ 785,42 per ons.(yds)

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Gold Settles Higher, Then Tops $1,210 After Fed Minutes

PT. Equityworld Futures - Gold futures settled higher on Wednesday, then moved up in electronic trading to top $1,210 an ounce after minutes from the Federal Reserve Open Market Committee’s April meeting showed that only a few officials expect an interest-rate hike in June.

Gold for June delivery GCM5, was at $1,211.10 an ounce in electronic trading on Globex after the minutes, after settling at $1,208.70 an ounce, up $2, or 0.2%, on Comex.

The April minutes of the policy-setting FOMC were released shortly after the close of regular metals trading on Comex. Only a “few” Fed officials thought economic data would improve enough to trigger a rate hike at the next meeting in June.

Higher interest rates can support the dollar, which can be bearish for dollar-denominated gold.

Gold on Monday rose to its highest level in more than three months, but gave back some of those gains to finish Tuesday at its lowest level in a week. The yellow metal has been stuck in trading range between resistance at $1,225 an ounce and support at $1,180.

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Gold Fell Most This Month as Housing Data Boosts Rate Concerns

PT. Equityworld Futures - Gold fell the most since April on speculation that an improving U.S. housing market will boost the case for the Federal Reserve to raise U.S. interest rates.

U.S. housing starts jumped to a seven-year high last month, government data showed Tuesday. The rise extended gains in the dollar, curbing bullion’s appeal as an alternative asset, after the European Central Bank said it will speed up bond buying. Gold has posted three straight monthly losses as the outlook for higher borrowing costs prompts investors to favor assets with better yield prospects, such as equities.

The metal dropped from a three-month high, with the rebound in housing signaling the economy may be strong enough for the Fed to start tightening this year. Minutes from the central bank’s latest meeting will be released Wednesday. Holdings in exchange-traded products backed by gold fell to the lowest since mid-January, data compiled by Bloomberg showed.

Gold futures for June delivery fell 1.7 percent to settle at $1,206.70 an ounce at 1:43 p.m. on the Comex in New York, the biggest drop for a most-active contract since April 30. On Monday, the precious metal climbed to $1,232, the highest since Feb. 17.

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Oil Trims Record Rally on Speculation $60 Crude to Sustain Glut

PT. Equityworld Futures - Oil pared its ninth weekly advance, the longest rally on record, amid speculation a rebound in prices to near $60 a barrel will sustain a market glut.

Futures slid as much as 0.5 percent in New York. Oil supply from OPEC and U.S. shale drillers is set to expand later this year, preventing further price increases, hedge fund manager Pierre Andurand said. Crude stockpiles in the U.S. are more than 100 million barrels above the five-year average for this time of the year and near the highest level since 1930, government data show.

Oil has rebounded from a six-year low in March amid signs U.S. output is slowing as drillers reduce the number of active rigs to the fewest since 2010. Oil prices are set to slide as their rally to the highest level this year threatens to prolong the global glut, according to Goldman Sachs Group Inc.

West Texas Intermediate for June delivery fell as much as 27 cents to $59.61 a barrel in electronic trading on the New York Mercantile Exchange, and was at $59.63 at 9:55 a.m. Seoul time. The contract fell 62 cents to $59.88 Thursday. Prices are up 0.5 percent this week and have climbed 12 percent in 2015.

Brent for July settlement was 13 cents lower at $66.57 a barrel on the London-based ICE Futures Europe exchange. The June contract expired on Thursday after dropping 22 cents, or 0.3 percent, to $66.59. Front-month prices are up 1.8 percent this week.


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Gold near 3-mth high; eyes weekly gain on U.S. rate expectations

PT. Equityworld Futures - SINGAPORE, May 15 Gold traded near a three-month high on Friday and was on track for its biggest weekly gain in four months on receding expectations the Federal Reserve would hike U.S. interest rates soon.
   
Spot gold was steady at $1,221.20 an ounce by 0031 GMT, after rising 0.5 percent on Thursday. Prices had climbed to $1,227.04 in the previous session, their highest since Feb. 17.

The metal is up nearly 3 percent this week, the biggest weekly gain since mid-January.

Recent U.S. data has supported market expectations that the economy is not strong enough for the Fed to start rising record-low rates from June.

The bullion market was getting comfort from Wednesday data that showed U.S. retail sales were flat in April, weaker than expected, as households cut back on purchases of automobiles and other big-ticket items.

That added to second-quarter growth concerns already prompted by sluggish U.S. nonfarm payrolls data last week.

Data on Thursday that showed the number of Americans filing new claims for unemployment benefits fell last week towards a 15-year low failed to alleviate concerns over the economy.

The dollar was trading close to four-month lows on Friday against a basket of major currencies, on speculation the U.S. central bank will not hike rate until later this year.

Higher rates would boost demand for the greenback, but diminish the appeal of non-interest-paying bullion.
  
Traders will be watching data for cues. U.S. data due Friday includes April industrial production and the University of Michigan's preliminary May reading on consumer sentiment.

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Gold Caps Biggest Weekly Rally Since January on Fed Rate Bets

PT. Equityworld Futures - Gold capped the biggest weekly rally since mid-January after an unexpected drop in U.S. consumer confidence revived speculation that the Federal Reserve will wait longer before raising interest rates.

Cooling U.S. expansion is a boon to gold because it’s traditionally sought as a haven during times of economic turmoil. A weaker outlook is more likely to push Fed officials to delay tightening, increasing the chances that inflation can rebound. Higher rates also cut bullion’s allure because the metal doesn’t pay interest, unlike competing assets such as new bonds.

Gold futures for June delivery rose less than 0.1 percent to settle at $1,225.30 an ounce at 1:40 p.m. on the Comex in New York. Prices climbed 2.9 percent this week, the most since Jan. 16.

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Gold Holds Gain on Rate Outlook After Jobs Data; Palladium Drops

PT. Equityworld Futures - Gold held an advance as investors gauged the outlook for higher interest rates after data showed that U.S. payrolls increased and unemployment fell while wage gains were limited. Palladium dropped from an eight-week high.

Bullion for immediate delivery added as much as 0.2 percent to $1,190.54 an ounce and was at $1,190.05 at 8:55 a.m. in Singapore, according to Bloomberg generic pricing. The metal rose 0.3 percent on Friday after the Labor Department release to cap the first weekly gain in a month. Gold in Shanghai fell.

Prices are little changed this year as traders assess the probable timing of a U.S. rate increase by parsing data releases for clues on the strength and durability of the recovery. The Federal Reserve is watching the labor market for signs that it can sustain higher borrowing costs before lifting a benchmark rate for the first time since 2006. The Bloomberg Dollar Spot Index fell for the fourth straight week after figures on Friday.

Gold for June delivery traded at $1,189 an ounce on the Comex from $1,188.90 on Friday. Most-active futures climbed 1.2 percent last week, the biggest weekly increase since the period to March 27.

Silver for immediate delivery rose 0.1 percent to $16.4896 an ounce, while platinum was little changed at $1,142.30 an ounce. Palladium declined 0.2 percent to $798 an ounce after rising to $803.61 on Friday, the highest level since March 11.
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China Adds Stimulus With Third Interest-Rate Cut in Six Months

PT. Equityworld Futures - China’s central bank cut interest rates for the third time in six months as it ratchets up support for an economy grappling with a debt overhang and property slump.

The People’s Bank of China will reduce the one-year lending rate 0.25 percentage point to 5.1 percent, and cut the one-year deposit rate by the same amount to 2.25 percent, effective Monday, the central bank said on its website Sunday. In another step to free up interest rates, the central bank will also raise the limit on what banks can pay savers.

Inflation remained subdued and exports and imports both slid in April -- underscoring the economy’s struggle to match Premier Li Keqiang’s 2015 growth target of about 7 percent. With capital flowing abroad and local governments embroiled in a complex debt cleanup, economists anticipate further easing.

The latest interest-rate reduction adds to China’s own steps and that of at least 30 countries that have loosened monetary policy this year as lower commodity prices give room to stimulate. It also illustrates a divergence of policy direction between the world’s two biggest economies, with analysts forecasting the U.S. Federal Reserve will lift borrowing costs later this year for the first time since 2006.
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Gold Futures Fall Amid Signs of Easing Tensions on Greek Bailout

PT. Equityworld Futures - Gold declined for the third time in four sessions as signs of easing tensions between Greece and its creditors reduced demand for the metal as a haven.

Euro-area finance ministers welcomed progress Greece has made on meeting terms of its bailout while demanding more work before funds can be released, according to two officials. Finance chiefs gathering in Brussels will issue a statement to endorse Greece’s work on a plan to mend its economy, the officials said. Speculation that an aid deal would remain elusive boosted bullion earlier Monday.

Last week, gold rallied on mounting concern that Greece will stumble in its bid to avoid default. Prices also rose last week after a report showing limited wage gains amid increased U.S. hiring indicated the Federal Reserve can take its time in raising interest rates. Higher rates curb gold’s appeal because the metal generally offers returns only through price gains.

Gold futures for June delivery slid 0.5 percent to settle at $1,183 an ounce at 1:48 p.m. on the Comex in New York. The metal climbed 1.2 percent last week.

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Emas Lanjutkan Penguatan Terkait Lemahnya Data Ekonomi

PT. Equityworld Futures - Emas memperpanjang kenaikan untuk sesi ketiga pada Rabu, didorong oleh pelemahan dolar dan data ekonomi AS yang bervariasi menambah spekulasi bahwa Federal Reserve tidak akan menaikkan suku bunga dalam waktu dekat.
Spot emas stabil di level $1,193.86 per ons pukul 07:34 waktu Singapura. Emas naik ke sesi tertingginya di level $1,199.60 pada hari Selasa kemarin.
Dolar berada di bawah tekanan pasca mengecewakan data perdagangan AS untuk Maret, menggambarkan melemahnya pertumbuhan ekonomi pada kuartal pertama.
Data yang dirilis pada hari Selasa menunjukkan defisit perdagangan AS melonjak 43,1 persen menjadi $51.4 miliar pada bulan Maret tertinggi sejak Oktober 2008 lalu. Data lain menunjukkan aktivitas di sektor jasa dipercepat untuk bulan kelima pada bulan April lalu.
Data perdagangan ketakutan pasar ekuitas juga, meningkatkan tawaran safe haven untuk emas.
Data yang lamban menambah spekulasi The Fed tidak akan menaikkan suku bunga pada pertemuan kebijakan berikutnya di bulan Juni, faktor yang bisa meningkatkan permintaan untuk emas batangan, non-bunga-membayar aset.
Investor sekarang menunggu rilis data nonfarm payrolls AS yang akan dirilis pada Jumat pekan ini. Data ini mendapatkan membaca pertumbuhan ekonomi yang lebih baik dan bagaimana hal itu dapat mempengaruhi waktu kenaikan suku bunga.
The Fed tidak harus menaikkan suku bunga setidaknya sampai tahun depan, Presiden Federal Reserve Bank Minneapolis Narayana Kocherlakota mengatakan pada hari Selasa, ia menambahkan laju inflasi diperkirakan akan tetap di bawah 2 persen target tahunan The Fed dalam beberapa tahun terakhir. (izr)
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Gold Rises for Second Day as Oil Rally Spurs Inflation Concerns

PT. Equityworld Futures - Gold futures rose for the second straight day as higher energy costs added to speculation that U.S. inflation will start to pick up, reviving demand for the precious metal as a store of value.
Crude oil in New York rose above $60 a barrel for the first time since December. In April, the price soared 25 percent, the most since May 2009, on signs the U.S. supply glut is easing. Investors who in December were unloading gold and bracing for deflation are now stepping up bets that inflation is returning. The dollar’s rally has stalled, and American wages are rising.
Holdings in exchange-traded funds backed by gold are rebounding, and speculators are getting more bullish. The metal has gained 4.5 percent from this year’s low in March as investors weigh expectations for higher consumer costs against signs that the Federal Reserve is getting closer to raising interest rates.
Gold futures for June delivery rose 0.5 percent to settle at $1,193.20 an ounce at 1:53 p.m. on the Comex in New York. On Monday, the price climbed 1 percent, the most in a week.
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Gold Sags as Yellen Cites Prospect for Sharp Jump in Bond Yields

PT. Equityworld Futures - Gold fell for first time this week as Federal Reserve Chair Janet Yellen said bond yields “could see a sharp jump” after the central bank raises interest rates, crimping demand for the metal as an alternate investment.
Gold declined in the past two months as speculation mounted that the Fed’s benchmark rate would increase. Treasury yields have been held down by the three rounds of large-scale asset purchases that have swelled the central bank’s balance sheet by $4.47 trillion.
Higher borrowing costs 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. Traders are parsing economic data to assess the outlook for the timing of a rate increase. The government on May 8 releases statistics on jobs.
Gold futures for June delivery fell 0.2 percent to settle at $1,190.30 an ounce at 1:46 p.m. on the Comex in New York. Aggregate trading was 24 percent below the 100-day average, data compiled by Bloomberg show. The price rose 1.6 percent in the past two days.
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Gold Rises for Second Day as Oil Rally Spurs Inflation Concerns

PT. Equityworld Futures - Gold futures rose for the second straight day as higher energy costs added to speculation that U.S. inflation will start to pick up, reviving demand for the precious metal as a store of value.
Crude oil in New York rose above $60 a barrel for the first time since December. In April, the price soared 25 percent, the most since May 2009, on signs the U.S. supply glut is easing. Investors who in December were unloading gold and bracing for deflation are now stepping up bets that inflation is returning. The dollar’s rally has stalled, and American wages are rising.
Holdings in exchange-traded funds backed by gold are rebounding, and speculators are getting more bullish. The metal has gained 4.5 percent from this year’s low in March as investors weigh expectations for higher consumer costs against signs that the Federal Reserve is getting closer to raising interest rates.
Gold futures for June delivery rose 0.5 percent to settle at $1,193.20 an ounce at 1:53 p.m. on the Comex in New York. On Monday, the price climbed 1 percent, the most in a week.
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Gold Near 6-week Low on Stronger Dollar, US Rate Hike Fears

PT. Equityworld Futures - Gold languished near a six-week low on Monday, unable to recover from a three-day losing streak, as the dollar gained on signs of stabilisation in the U.S. economy, and fears the Federal Reserve would soon hike interest rates.
Spot gold was firm at $1,178.50 an ounce by 0042 GMT, not far from a six-week low of $1,170.20 reached on Friday.
The metal has lost about 2 percent in the past three sessions since the Fed signalled on Wednesday that it saw the recent slowdown in the U.S. economy as transitory and was not ruling out an interest rate rise this year.
A strong economy diminishes gold's appeal as a haven, while higher rates could dent demand for non-interest-paying bullion.
The Fed could raise interest rates as soon as June, two top U.S. central bankers said on Friday, so long as economic data strengthens as expected from a dismal first quarter.
That view is at odds with the view of many traders, whose bets in the interest-rate futures markets suggest they have all but discounted a June rate hike and now expect the Fed to wait until December before raising rates for the first time since 2006.
Data on Friday continued to show mixed U.S. economic data. Consumer sentiment rose but manufacturing and construction was weak.
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Gold Futures Rebound From 6 Week Low Amid China Stimulus Bets

PT. Equityworld Futures - Gold futures recovered from a six-week low amid speculation that weaker economic growth will prompt officials to add to stimulus in China, which rivals India as the world’s top bullion buyer.

Futures are rebounding after three weeks of declines. The Federal Reserve has damped speculation that it will delay boosting interest rates. Traders are awaiting the April U.S. payrolls report on Friday for more signals on the timing of increases for borrowing costs. Higher rates drive investors to favor assets that pay interest, such as bonds, curbing gold’s appeal as a store of value, since it generally offers returns only through price gains.

On the Comex in New York, gold futures for June delivery rose 1 percent to settle at $1,186.80 an ounce at 1:47 p.m. On May 1, the price touched $1,168.40, the lowest for a most-active contract since March 20.

Employers in the U.S. added 225,000 workers last month, up from 126,000 in March, according to the median estimate in a Bloomberg survey of economists before the Labor Department report on May 8. The unemployment rate may decline to 5.4 percent from 5.5 percent.

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