Gold Falls as Global Equities Rose on Easing Greek Debt Concerns

PT. Equityworld Futures - Gold futures declined for the second straight day as easing concerns on Greek debt boosted global equities, reducing demand for alternative assets.

Greek Finance Minister Yanis Varoufakis proposed late on Monday to exchange existing debt for new bonds linked to economic growth. The MSCI All-Country World Index and the Standard & Poor™s 500 Index of U.S. stocks both rose as much as 1.3 percent.

Gold in January capped the biggest monthly gain in three years as concern that Greece would exit from the euro zone and signs of slowing economies outside the U.S. fueled demand for haven assets. The metal fell on Monday on concern that U.S. interest rates will increase soon.

Gold futures for April delivery fell 1.3 percent to settle at $1,260.30 an ounce at 1:51 p.m. on the Comex in New York. The metal dropped 0.2 percent on Monday.

Last year, gold posted a consecutive annual decline for the first time since 1998 as equities surged to a record and the U.S. economy gained traction.

Sumber : ewfpro.com

China’s Stock-Index Futures Fall on PMI Contraction, Minsheng

PT. Equityworld Futures - China™s stock-index futures fell after an official manufacturing gauge signaled the first contraction in more than two years and China Minsheng Banking Corp. President Mao Xiaofeng resigned amid a media report that he is being investigated by authorities.

Futures on the CSI 300 Index expiring in February declined 2.5 percent to 3,370 as of 9:17 a.m. The Shanghai Composite Index slid 1.6 percent to 3,210.36 on Jan. 30, extending last week™s loss to 4.2 percent, the most since December 2013, amid concern regulatory scrutiny of margin lending and tepid economic growth will curb the benchmark index™s world-beating rally.

China™s outstanding margin debt dropped for the first time in eight days on Jan. 30 in Shanghai, according to data from the city™s bourse. It dropped 0.5 percent to 773.98 billion yuan ($123 billion) from a record 777.6 billion yuan on Jan. 29.

Hong Kong™s Hang Seng China Enterprises Index fell 0.1 percent on Jan. 30, taking last week™s decline to 4.4 percent. The CSI 300 Index slipped 1.4 percent, while the Hang Seng Index dropped 0.4 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, retreated 1.6 percent in New York.

The government™s Purchasing Managers™ Index fell to 49.8 last month from 50.1 in December, missing the median estimate of 50.2 in a Bloomberg survey of analysts and below the 50 level separating expansion and contraction.

Sumber : ewfpro.com

Gold Drops for Third Time in Four Sessions on U.S. Rate Concern

PT. Equityworld Futures - Gold futures fell for the third time in four sessions on concern that U.S. policy makers will raise interest rates amid signs of economic growth.

Sales of American Eagle gold coins by the U.S. Mint fell 11 percent last month from a year earlier. Data due Feb. 6 will probably show U.S. employers added 230,000 workers last month, according to economists surveyed by Bloomberg.

A statement from the Federal Reserve on Jan. 28 that cited œsolid U.S. growth damped speculation that the central bank would delay raising interest rates. The next day, gold tumbled 2.4 percent, the most since December 2013. The metal jumped 8 percent in January as officials in Europe and Asia announced stimulus to bolster stagnating economies.

Gold futures for April delivery fell 0.2 percent to settle at $1,276.90 an ounce at 1:58 p.m. on the Comex in New York. Aggregate volume was 33 percent below the 100-day average, according to data compiled by Bloomberg.

The metal pared losses of as much as 1 percent after the Institute for Supply Management said its manufacturing index declined to 53.5 in January from 55.1 in December, a sign weakness in overseas markets is restraining U.S. factory output.

Sumber : ewfpro.com

Gold Holds Biggest Monthly Climb Since 2012 Amid Growth Concern

PT. Equityworld Futures - Gold held the biggest monthly gain in three years as data from China and the U.S. that missed estimates added to signs the global economy is faltering, supporting demand for haven assets.

Bullion for immediate delivery traded at $1,281.18 an ounce at 9:50 a.m. in Singapore from $1,283.79 on Jan. 30, when prices completed an 8.4 percent monthly advance for the best start to a year since 2012, according to Bloomberg generic pricing. The metal climbed on Jan. 22 to a five-month high of $1,307.62.

Gold posted the first back-to-back monthly advance in January in a year as assets in exchange-traded products jumped 4.1 percent, the most since July 2011. Data this week may show employers in the U.S. continued to add workers in January, while manufacturing probably moderated. Greek Prime Minister Alexis Tsipras, in office for about a week, is seeking a new deal with the government™s creditors amid concern that failure to reach an agreement may spur the country to quit the euro.

Sumber : ewfpro.com