Greek PM Meet EU Leaders About Bailout

PT. Equityworld Futures - New Greek Prime Minister leftist Alexis Tsipras direct confrontation with the head of the European Union on Thursday (12/2) in respect loosen the austerity measures which they wore against Greece as a condition of massive bailouts.
EU leaders meet in Brussels where for the first time, a meeting between the leaders of Greece, aged 40 years, and German Chancellor Angela Merkel, leader of efforts to save it. German leaders and the heads of other countries are not interested in cutting Greece's debt or renegotiate a loan of $ 300 billion.
When he arrived at the EU summit, Tsipras said, "I want to tell Europe stands at a crucial point for the future. We need to find a solution that respects the positions of all parties, so that the agreement must be based on the core European values, democracy and the voice of the people , but also to respect the interests of European rules. "
Earlier, the talks between Greece and its creditors Europe ended Wednesday without a compromise on a massive bailouts and austerity measures imposed on Athens. Both parties even failed to agree on a joint statement after a 7 hour emergency talks between Greek Finance Minister Yanis Varoufakis and euro zone finance ministers in Brussels.
Jeroen Dijsselbloem, chairman of euro zone finance ministers, said not enough progress was made even though only about what to talk about when the two sides meet again on Monday.
"We did not really discuss the details of the proposal, we do not negotiate about the content of the program or programs, we are just trying to take the next steps in the next few days. And that we did not manage to do so," said Dijsselbloem.
Instead, Greece wants the lenders - all 18 countries of the European Union, the European Central Bank and the International Monetary Fund - to provide temporary loan in a few months. Greece says it takes time to menegosiakan changes to program the required savings to the state; where wages and pensions cut, tax increases and thousands of civil servants laid off.
Greece's new left-wing government, elected last month, asking to renegotiate loan amounting to $ 300 billion instead of trying to extend it when the latest segment ends in late February.

Sumber : ewfpro.com

Gold Futures Rise as U.S. Consumer Sentiment Ebbs; Silver Jumps

PT. Equityworld Futures - Gold futures rose for the second straight day as weaker U.S. consumer confidence added to concerns that the economy is slowing, boosting demand for the precious metal as a haven. Silver jumped the most in four weeks.

The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004, figures showed Friday. A report on Thursday revealed that sales at U.S. retailers fell more than forecast in January.

Gold dropped 29 percent in the previous two years, posting consecutive annual losses for the first time since 1998. Faster U.S. expansion prompted some investors to lose faith in the metal as a store of value amid speculation that the Federal Reserve would raise interest rates. Prices rebounded 8 percent in January as slowing foreign economies cast doubt that American growth would remain resilient.

Gold futures for April delivery climbed 0.5 percent to settle at $1,227.10 an ounce at 1:38 p.m. on the Comex in New York. Yesterday, the price rose 0.1 percent.

This week, the price dropped 0.6 percent, the third straight decline.

Silver futures for March delivery jumped 3 percent to $17.294 an ounce, the biggest gain for a most-active contract since Jan. 16.
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Gold Demand Declines as China Loses Biggest-Buyer Spot to India

PT. Equityworld Futures - Gold demand fell for a third year on a slump in purchases from China, costing the country its place as the world™s biggest buyer.

Global demand slid 4 percent to a five-year low of 3,923.7 metric tons in 2014, the World Gold Council said in a report Thursday. In China, purchases of bars and coins for investment dropped by 50 percent and jewelry buying retreated from a record, according to the London-based group.

The strengthening dollar and prospects for higher U.S. interest rates have curbed gold™s appeal as a protection of wealth, leading to two years of falling prices. While the metal has rebounded over the past three months, it™s still within 10 percent of a four-year low.

Gold rose 3.2 percent to $1,222.62 an ounce in London this year, India took China™s spot as biggest buyer of the metal, reclaiming the position it last held in 2012, after jewelry demand jumped to the highest level since at least 1995.

Purchases of necklaces, bracelets and earrings by Indian shoppers rose 8 percent even amid import restrictions, while Chinese consumers bought 33 percent less. Combined bar and coin investment was down 50 percent in both countries.

sumber : ewfpro.com

Gold Rebounds From One-Month Low as Greek Talks Reach Impasse

PT. Equityworld Futures - Gold rebounded from the lowest level in a month as European leaders failed to agree on Greece™s bailout program after talks in Brussels.
Bullion for immediate delivery rose as much as 0.4 percent to $1,223.57 an ounce and traded at $1,223.35 at 9:35 a.m. in Singapore on Thursday, according to Bloomberg generic pricing. Earlier, bullion fell to $1,215.30, the lowest level since Jan. 9, after the dollar advanced to 10-year high.
Gold climbed 3.3 percent this year as the Greek crisis and more stimulus in Europe and Asia offset the impact of a stronger dollar and prospects for higher U.S. rates. Euro-region finance ministers failed at the meeting to reach an agreement on how to keep bailout funds flowing to Greece and are set to resume talks next week. The impasse risks leaving Greece without funding by the end of this month, when the current bailout expires.
Eurogroup Chairman Jeroen Dijsselbloem said that while the ministers covered a lot of ground, they didn™t reach a joint conclusion on how to take the next steps. A Greek official said that no agreement had been made and the government won™t accept an extension of the existing bailout program.
The Bloomberg Dollar Spot Index was at 1,173.92 from 1,174.87 on Wednesday, the highest close since at least December 2004. The gauge is 3.8 percent higher this year amid speculation that the Federal Reserve will start to increase borrowing costs.
Gold for April delivery rose 0.3 percent to $1,223.10 an ounce on the Comex after dropping on Wednesday to $1,216.50, the lowest price since Jan. 9.
Silver for immediate delivery added 0.2 percent to $16.8416 an ounce. Spot platinum was 0.3 percent higher at $1,197.25 an ounce, rebounding from $1,192 on Wednesday, the lowest level since Jan. 2. Palladium rose 0.3 percent to $770.95 an ounce.

sumber : ewfpro.com