Hong Kong Stocks Open 0.77 % Lower

PT. Equityworld Futures - Shares in Hong Kong slipped 0.77 percent in the first few minutes Monday after surging almost six percent at the end of last week as investors await the resumption of trade in Shanghai, which is witnessing severe volatility.
The Hang Seng Index eased 191.70 points to 24,709.58.
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Emas Tahan Penurunan Karena Prospek Kenaikan Suku Bunga the Fed Kalahkan Isu Yunani

PT. Equityworld Futures - Emas menuju penurunan mingguan kedua karena spekulasi Federal Reserve yang akan menaikkan suku bunga di tengah penguatan ekonomi AS, melebihi permintaan yang didorong oleh krisis utang Yunani.

Emas batanganuntuk pengiriman segera berada di $ 1,167.81 per ons pada pukul 2:26 waktu Singapura dari posisi $ 1,166.26 pada hari Kamiskemarin, ketika logamkuning tersebut jatuh ke $ 1,157.18, terendah sejak 18 Maret, menurut harga Bloomberg. Harga menuju penurunan sebesar 0,7 persen pada minggu ini, memperpanjang penurunan 2,1 persen minggu lalu.

Fokus investor bergeser ketika Federal Reserve akan menaikkan suku bunga sebelum referendum  Yunani pada akhir pekan dalam upaya langkah-langkah penghematan yang dapat membantu untuk menentukan apakah negara itu tetap berada didalam zona euro. Sebuah laporan Departemen Tenaga Kerja pada hari Kamis menunjukkan perusahaan-perusahaan AS menambahkan 223.000 pekerjaan pada Juni, sementara upah mengalami stagnansi dan jumlah angkatan kerja mengalami penyusutan.

Kontrak berjangka untuk pengiriman Agustus naik 0,3 persen menjadi $ 1.166,50 di Comex setelah tiga hari mengalami kerugian. Logam mulia dengan kemurnian 99,99 persen  kehilangan sebanyak 0,5 persen menjadi 231,50 yuan per gram ($ 1,160.18) diBursa Emas Shanghaimeskipundiperdagangan sedikit berubah pada 232,78 yuan.

Perak untuk pengiriman segera turun 0,2 persen menjadi $ 15,6648 per ons setelahnaik 0,7 persen pada hari Kamis, ketika ketika mengakhiri lima hari penurunannya.(sdm)

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Gold Trades Near Three-Month Low as Fed Outlook

PT. Equityworld Futures - Gold traded near a three-month low as the outlook for higher U.S. interest rates this year outweighed demand for a haven spurred by Greece’s debt crisis. Palladium declined.

Investors’ focus shifted to when the Federal Reserve will raise interest rates before Greece’s weekend referendum on austerity measures that may help to determine whether the country remains in the euro zone. A Labor Department report on Thursday showed U.S. companies added 223,000 jobs in June while wages stagnated and the size of the labor force receded.

Gold for immediate delivery added 0.2 percent to $1,168.69 an ounce at 4:16 p.m. in New York, according to Bloomberg generic pricing. On Thursday, the metal fell for the third straight day, touching $1,157.18, the lowest since March 18. The commodity has dropped 0.6 percent this week.

Futures for August delivery increased 0.4 percent to $1,167.80 on the Comex in New York, where floor trading was closed for a public holiday.

Polls show the outcome of Greece’s Sunday referendum on austerity is too close to call. Prime Minister Alexis Tsipras is campaigning for citizens to vote “no,” and vowed to sign off on creditor demands should people vote “yes.”

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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 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 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 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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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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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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