Gold Logs First Fall in 8 Sessions

PT. Equityworld Futures - Gold futures settled with a loss on Friday, putting an end to a seven-session stretch of gains that had lifted prices to their highest level in more than three weeks.
Prices rallied particularly strongly over the past two trading sessions as declines in global equities and turmoil in Yemen helped buoy safe-haven investment demand for the metal.
Gold for April delivery   shed $5, or 0.4%, to settle at $1,199.80 an ounce Friday on Comex. During their seven-session climb, gold futures tallied a total gain of 4.9%. For the week, prices gained 1.3%.
May silver  settled down 7.1 cents, or 0.4%, at $17.069 an ounce, leaving it with a weekly gain of 1.1%.
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Gold, Silver Head for Weekly Rallies as Dollar Drop Spurs Demand

PT. Equityworld Futures - Gold and silver were poised for the biggest weekly rallies since January as declines for the dollar increased the appeal of precious metals as alternative investments.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, headed for the steepest weekly drop since 2011.
Gold and silver prices declined last week as investors exited in anticipation of an increase for borrowing costs. Higher rates cut gold’s allure because the metal generally offers returns only through prices gains, sending investors to assets with better yield prospects such as bonds.
Gold futures for April delivery rose 1.1 percent to $1,181.30 an ounce at 10:29 a.m. on the Comex, heading for a weekly advance of 2.5 percent. That would be the biggest gain since Jan. 16.
Silver futures for May delivery jumped 3.3 percent to $16.645 an ounce on the Comex, poised for a weekly increase of 7.4 percent, also the most since Jan. 16.
The Bloomberg Commodity Index of 22 raw materials rose as much as 1.5 percent.
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Gold headed for First Weekly Advance This Month on Fed Rate Outlook

PT. Equityworld Futures - Gold headed for the first weekly climb since February, extending a rebound from a three-month low, after the Federal Reserve lowered projections for interest-rate increases.
Gold for immediate delivery added 0.1 percent to $1,172.31 an ounce by 10:40 a.m. in London, according to Bloomberg generic pricing. Bullion for April delivery rose 0.2 percent to $1,171.70 on the Comex in New York. Futures trading volume on the exchange was 40 percent below the average for this time of day over the past 100 days.
Bullion was set at $1,171.75 an ounce on Friday in the first LBMA Gold Price, an electronic auction that replaced the London gold fixing.
Silver rose 0.4 percent to $16.1997 an ounce and is set to climb 3.4 percent this week. Platinum was little changed at $1,124.75 an ounce, and palladium rose 0.9 percent to $773 an ounce, still set for a second weekly drop.
sumber : ewfpro.com

Gold Erases This Year’s Losses on Dollar Decline; Silver Jumps

PT. Equityworld Futures - Gold erased its 2015 losses and posted the biggest weekly gain since January as declines for the dollar boosted the metal’s appeal as an alternative investment. Silver climbed the most this year.

The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, headed for the steepest weekly drop since 2009. Federal Reserve Chair Janet Yellen suggested this week that the U.S. central bank was in no hurry to raise interest rates, even as a statement after a policy meeting showed officials dropped a pledge to be “patient” on tightening.

Gold and silver prices declined last week as investors exited in anticipation of an increase for borrowing costs. Higher rates cut gold’s allure because the metal generally offers returns only through prices gains, sending investors to assets with better yield prospects such as bonds.

Gold futures for April delivery rose 1.3 percent to settle at $1,184.60 an ounce at 1:43 p.m. on the Comex, leaving a gain of less than 0.1 percent for the year. In 2014, the metal fell 1.5 percent. Prices advanced 2.8 percent this week, the most since Jan. 16.

Silver futures for May delivery jumped 4.8 percent to $16.883 an ounce on the Comex, the biggest rise since Dec. 9. This week, prices climbed 9 percent, this most since August 2013.
sumber : ewfpro.com