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.
Sumber : www.ewfpro.com