Bursa Jepang Melemah, Yen Menguat Ditengah Krisis Yunani

PT. Equityworld Futures - Bursa saham Jepang dibuka melemah dan yen melonjak karena Yunani bergerak untuk mencegah runtuhnya sistem keuangan setelah pembicaraan bantuan dengan kreditur gagal, meningkatkan risiko bahwa negara tersebut bisa dipaksa untuk keluar dari euro zone.
Indeks Topix turun 1,9% ke level 1,634.71 pada pukul 09:01 pagi di Tokyo, menuju kerugian terbesar sejak 30 April. Sementara indeks Nikkei 225 Stock Average kehilangan 2% ke level 20,296.92. Pagi ini yen menguat 1,1% ke level 122,46 per dolar setelah Yunani menyerukan referendum terkait proposal bailout dan para negara-negara kreditor menolak permintaan Yunani untuk memperpanjang bantuan sementara, membawa Yunani selangkah lebih dekat menuju default.
Setelah Perdana Menteri Yunani Alexis Tsipras tiba-tiba menyerukan referendum pada 5 Juli terkait hal paket bailout negaranya, menteri-menteri keuangan kawasan Eropa pada Sabtu yang lalu menolak permintaannya untuk perpanjangan satu bulan program bantuan, yang berakhir pada hari Selasa, menutup peluang untuk keuangan sementara sampai referendum diadakan.(frk)
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Gold Back Out of Favor With Fed in Focus as Greek Deal Nears

PT. Equityworld Futures - Gold futures fell for the third straight session, falling out of favor with investors as attention shifts away from Greece and back to the outlook for higher U.S. interest rates.
Federal Reserve Governor Jerome Powell suggested Tuesday that rates may rise as soon as September as the economy gains traction. Gold last week posted the biggest advance in a month after Fed officials indicated that monetary tightening will happen at a slow pace, while Greece faced an impasse with its creditors.
The metal’s rally is proving to be short lived. Mounting speculation that Greece will soon reach a deal to avoid default is cutting demand for haven assets. At the same time, signs of improving U.S. economic growth are reigniting concern that the Fed will raise rates soon, boosting the dollar. Higher rates curb gold’s allure because the commodity doesn’t pay interest or give returns like other assets such as bonds and equities.
Gold futures for August delivery declined 0.6 percent to settle at $1,176.60 an ounce at 1:37 p.m. on the Comex in New York. The three-session slump was longest since June 5.
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Gold Falls as Equities Advance After Greece Gives New Proposals

PT. Equityworld Futures - Gold dropped below $1,200 an ounce as equities climbed after Greece presented a new plan to stave off default before an emergency summit on the country’s debt crisis. Palladium slipped to a 16-month low.
European and Asian stocks advanced as Greek Prime Minister Alexis Tsipras’s proposals were welcomed by European officials, who indicated it could help break a months-long impasse during talks in Brussels on Monday.
Gold for August delivery fell 0.7 percent to $1,193.30 an ounce by 7:54 a.m. on the Comex in New York, after rising the previous two weeks. Prices reached $1,205.70 on Thursday, the highest since May 26, after the Federal Reserve said it will take a gradual approach to raising interest rates. Bullion for immediate delivery slid 0.5 percent to $1,193.86, according to Bloomberg generic pricing.
Futures are little changed this year after swinging between year-to-date gains and losses more than 10 times as investors assessed when the U.S. would increase rates and amid prolonged talks on a Greek bailout.
The MSCI Asia Pacific Index of equities advanced to the highest level in two weeks, and the Stoxx Europe 600 Index rallied 1.7 percent. Strengthening equities can reduce gold’s safe-haven appeal.
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Gold Drops Most in Four Weeks as Greek Talks Curb Haven Demand

PT. Equityworld Futures - Gold fell the most in four weeks amid speculation that months of impasse will end as Greece and its creditors reach an aid deal, reducing demand for the metal as a haven.
Global equities climbed after Greece presented a new plan to stave off default, with the Stoxx Europe 600 Index gaining the most in six weeks. The rally for shares spurred less investor interest in precious metals, and gold trading was about 18 percent below the 100-day average for this time, data compiled by Bloomberg show.
Gold futures for August delivery fell 1.5 percent to settle at $1,184.10 an ounce at 1:47 p.m. on the Comex in New York, the biggest decline since May 19.
Prices are dropping after last week capping the biggest rally in a month on signs from the Federal Reserve that increases for U.S. interest rates will be slow. Still, policy makers indicated that they’re on track to tighten monetary policy this year.
Gold may fall to $1,050, the lowest since February 2010, as rates rise, Mitsubishi Corp. forecast last week. Higher rates curb bullion’s allure because the commodity doesn’t pay interest or give returns like other assets such as bonds and equities.
Silver futures for July delivery added 0.2 percent to $16.142 an ounce on the Comex.
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Fed Says Job Gains Pick Up, Staying on Track for 2015 Rate Rise

PT. Equityworld Futures - central bank on track to raise interest rates this year for the first time in almost a decade.
“Economic activity has been expanding moderately,” the Federal Open Market Committee said in a statement Wednesday in Washington. “The pace of job gains picked up,” it said, and “underutilization of labor resources diminished somewhat” since their last meeting in April.
Separately, Fed officials maintained their forecast for the benchmark interest rate at the end of 2015, while lowering it for next year.
Policy makers predicted the rate will rise to 0.625 percent this year, according to their median estimate. That implies two quarter-point increases. Next year, they expect the rate to climb to 1.625 percent, lower than a March forecast of 1.875 percent.
A rebound in job growth is giving Fed officials reason to look beyond a first-quarter economic slowdown as they consider when to tighten policy. At the same time, inflation remains below their target, and central bankers say the timing of a rate increase depends on how economic data unfold.
“The committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of earlier declines in energy and import prices dissipate,” according to the statement.
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Gold Trades Steady as Fed Raises Assessment of U.S. Economy

PT. Equityworld Futures - Gold traded little changed after the Federal Reserve officials raised their assessment of the labor market and the economy.
The metal swung between year-to-date gains and losses more than 10 times in 2015, gyrating as traders tried to gauge the timing of U.S. interest-rate increases. 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 for immediate delivery fell 0.1 percent to $1,181.37 an ounce at 2:04 p.m. in New York, according to Bloomberg generic pricing.
The central bank’s benchmark rate has been near zero percent, a record low, since 2008.
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Gold dented by firm dollar ahead of Fed meeting, Greece in focus

PT. Equityworld Futures - Gold slipped on Tuesday as the dollar firmed ahead of the U.S. Federal Reserve policy meeting, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets.
Spot gold fell 0.7 percent to $1,178.06 an ounce by 1419 GMT, while U.S. gold futures for August delivery were down $8.20 an ounce at $1,177.60.
Bullion has not made much headway in recent months because of uncertainty over the timing of a rate rise, which would reduce demand for the non-interest-paying asset.
U.S. data on Tuesday showed a fall in housing starts in May, but a surge in permits for future construction to the highest level in nearly eight years suggests the pullback will be temporary.
European equities fell on the concerns about Greece, with Athens and its creditors hardening their stances after the latest breakdown in talks.
There were continued outflows for exchange-traded bullion funds, with assets at top fund SPDR Gold Trust falling 0.3 percent to 701.9 tonnes on Monday, the lowest since 2008.
In other metals, silver was down 1.1 percent at $15.90 an ounce, while palladium lost 0.1 percent to $734.25.
Platinum fell 0.9 percent to $1,076.75, within sight of a six-year low of $1,072.50 hit on Monday on a combination of weaker equities and lower gold prices, analysts said. ($1 = 0.8891 euros)
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China’s Stocks Head for Second Week of Gains on Monetary Bets

PT. Equityworld Futures - China’s stocks rose, sending the benchmark index toward a second week of gains, as the prospect of more monetary stimulus overshadowed concern a flood of new share sales will divert funds from existing equities.
The Shanghai Composite Index added 0.6 percent to 5,150.68 at 9:45 a.m., taking this week’s advance to 2.5 percent. Data this week showed parts of the economy stabilizing as factory output and credit growth accelerated in May, while exports and producer prices slid. The People’s Bank of China may cut banks’ reserve-requirement ratios as early as this weekend, according to China Merchants Bank Co.
The China Securities Regulatory Commission has approved 24 new share sales, according to a statement released Tuesday. Subscriptions for 25 A-share initial public offerings including Guotai Junan Securities Co. may tie up 6.68 trillion yuan of liquidity starting mid-June, according to the median estimate of 6 analysts surveyed by Bloomberg.
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Gold Poised for Weekly Gain as Greece Concerns Weighed With Fed

PT. Equityworld Futures - Gold headed for the first weekly climb in a month as the International Monetary Fund’s decision to walk out of talks with Greece on financial aid outweighed the outlook for higher U.S. interest rates.
Bullion for immediate delivery traded at $1,182.22 an ounce by 2:20 p.m. in Singapore from $1,182.01 on Thursday, when prices fell 0.3 percent, according to Bloomberg generic pricing. The metal is set to advance 0.9 percent this week, the first weekly gain since the period ended May 15. Gold in Shanghai was little changed, set for a weekly increase.
The IMF said its team flew out of Brussels after failing to make progress on a debt deal needed to help Greece avoid default. European Union President Donald Tusk abandoned his neutral position as a broker of EU compromises, telling Greece’s Prime Minister Alexis Tsipras to stop maneuvering and decide whether to accept the conditions on financial aid. The standoff has fueled concern that Greece will exit the euro area, boosting bullion’s appeal has a haven.
Gold has dropped almost 10 percent from this year’s peak in January amid speculation the U.S. Federal Reserve will raise borrowing costs for the first time since 2006 as the economy improves. Higher rates drive investors to favor assets that pay interest, curbing the allure of the metal.
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Gold Embracing Dollar Once More as Haven Demand Fail to Emerge

PT. Equityworld Futures - The dollar is dominating the gold market.
With markets showing relative calm in the face of Greece’s debt crisis and equities near all-time highs, there’s little demand for the safety of haven assets like gold, giving changes in the dollar more sway. The metal has moved in the opposite direction as the Bloomberg Dollar Spot Index every day except one this month.
Gold futures for August delivery fell 0.1 percent to settle at $1,179.20 an ounce at 1:41 p.m. on the Comex in New York. On Thursday, prices declined 0.5 percent.
The Bloomberg Dollar Spot Index climbed as much as 0.6 percent.
The 30-day correlation between gold and the dollar index was negative 0.63 on Friday, the lowest since December, according to data compiled by Bloomberg. A reading of 1 would signal the two moved in lockstep in the same direction, and minus 1 reflects opposite movements.
Silver futures for July delivery fell 0.8 percent to $15.825 an ounce, the first decline in three days. Prices lost 1 percent this week. Platinum and palladium also declined.
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Gold Rebounds From 11-Week Low as Dollar’s Decline Spurs Demand

PT. Equityworld Futures - Gold futures rebounded from an 11-week low as the dollar’s decline boosted the appeal of the precious metal as an alternative investment.
The greenback fell as much as 0.9 percent against a basket of 10 counterparts after a French official said President Barack Obama told delegates at a summit of the Group of Seven that the strong dollar posed a problem. Obama said he didn’t express concerns that the currency’s strength was an issue. Platinum futures also climbed.
Gold futures for August delivery climbed 0.5 percent to settle at $1,173.60 an ounce at 1:39 p.m. on the Comex in New York. On June 5, the price touched $1,162.10.
Platinum futures for July delivery rose 0.8 percent to $1,101.20 an ounce on the New York Mercantile Exchange. Aggregate trading was 25 percent above the 100-day average, according to data compiled by Bloomberg.
Palladium futures for September delivery declined 1 percent to $743.75 an ounce on the Nymex. The price dropped for the seventh straight session, the longest slump since Feb. 4, 2014.
Silver futures for July delivery fell 0.2 percent to $15.959 an ounce on the Comex. The metal dropped for the fourth straight session, the longest slump since March 11.
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Hong Kong Stocks End 1.20% Lower

PT. Equityworld Futures - Hong Kong stocks sank 1.20 percent on Tuesday, tracing a Shanghai sell-off and following another batch of data highlighting ongoing weakness in the Chinese economy.
The benchmark Hang Seng Index slipped 326.76 points to close at 26,989.52 on turnover of HK$166.90 billion (US$21.54 billion).
In mainland China the benchmark Shanghai Composite Index slipped 0.36 percent, or 18.35 points, to 5,113.53 on turnover of 1.2 trillion yuan ($196 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.15 percent, or 4.49 points, to 2,994.85 on turnover of 782.7 billion yuan.
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Gold Climb for Second Day as Greece Concerns Fuel Haven Demand

PT. Equityworld Futures - Gold gained for a second day as mounting concern that Greece will stumble in its bid to avoid default boosted the metal’s appeal as a haven asset.
Gold futures for August delivery climbed 0.3 percent to settle at $1,177.60 an ounce at 1:44 p.m. on the Comex in New York.
Silver futures for July delivery slipped less than 0.1 percent to $15.957 an ounce on the Comex, declining for a fifth day, the longest streak since May 30, 2014.
Platinum futures for July delivery gained 0.7 percent to $1,108.50 an ounce on the New York Mercantile Exchange. Palladium futures for September delivery slid 0.5 percent to $739.90 an ounce, an eighth straight decline and longest slump since Feb. 4, 2014.
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Gold steadies as dollar rallies after U.S. data

PT. Equityworld Futures - Gold was little changed on Monday, giving up gains as the dollar rallied after the precious metal was initially buoyed by an unexpected stall in U.S. consumer spending and comments on interest rates from a Federal Reserve's official.

Spot gold rose to a session high of $1,204.31 an ounce and was down 0.04 percent at $1,189.30 an ounce by 3:00 p.m. EDT (19:00 GMT). It posted a second consecutive weekly fall last week, hitting a three-week low of $1,180.50 on Thursday.

U.S. gold futures for August delivery settled down $1.10 at $1,188.70 an ounce.

The U.S. dollar advanced against major currencies after stronger-than-expected data on U.S. manufacturing activity and construction spending, while mounting worries of a Greek default contributed to the euro's weakness.
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Gold Trades Below $1,200 as Fed Rates Outlook Strengthens Dollar

PT. Equityworld Futures - Gold held below $1,200 an ounce after the dollar climbed to the highest level in more than six weeks amid speculation that the Federal Reserve will raise interest rates this year. Platinum traded at the lowest since March.

Bullion for immediate delivery was at $1,188.14 an ounce at 12:48 p.m. in Singapore from $1,189.20 on Monday, when it ended 0.1 percent lower after rising to $1,204.42, according to Bloomberg generic pricing. Prices in Shanghai pared gains.

The Institute for Supply Management’s factory index rose to a three-month high of 52.8 in May from 51.5 a month earlier, figures from the Tempe, Arizona-based group showed. Among data due this week are May payrolls on Friday.

The Bloomberg Dollar Spot Index rose as much as 0.7 percent on Monday to the highest since April 15 and retreated 0.2 percent on Tuesday. The gauge versus 10 major currencies added 1 percent last week and 2.6 percent the week before.

Investors sold bullion in exchange-traded products for a fourth day, cutting holdings by 0.2 percent to 1,599.53 metric tons as of Monday, data compiled by Bloomberg show. Assets are the smallest since mid-January.

Gold for August delivery fell 0.1 percent to $1,188 on the Comex. Bullion of 99.99 percent purity rose 0.1 percent to 237 yuan a gram ($1,189.26 an ounce) on the Shanghai Gold Exchange.

Silver for immediate delivery fell 0.3 percent to $16.7122 an ounce. Spot platinum dropped 0.2 percent to $1,101.03 an ounce, the lowest level since March 18. The metal is trading at its cheapest relative to gold since 2013. Palladium dropped 0.3 percent to $771.16 an ounce, the lowest in a week.

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Gold at 3-week low on stronger U.S. data, Greece optimism

PT. Equityworld Futures - Gold fell to a three-week low on Wednesday as data showed the U.S. private sector added more jobs than expected in May and prospects increased of a debt deal for Greece.

U.S. private employers added 201,000 jobs, above the 165,000 in April and economists' estimate of a 200,000 gain.

Spot gold was down 0.7 percent at $1,185.56 an ounce by 2:56 p.m. EDT (1856 GMT) after falling more than 1 percent to the lowest since May 11 at $1,179.43. U.S. gold futures for August delivery settled down $9.50 at $1,184.90.

Gold fell despite the U.S. dollar hitting its lowest against the euro in over two weeks after the European Central Bank kept monetary policy steady. European shares turned lower but U.S. stocks extended gains, a source of pressure for gold prices, after the Federal Reserve's Beige Book showed U.S. economic activity expanded from early April to late May.

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