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.
Sumber : www.ewfpro.com
