Gold Advances to Week-High as U.S. Jobs Data Clouds Rate Outlook

PT. Equityworld Futures - Gold climbed to the highest level in more than a week as data showing the weakest U.S. hiring additions in more than a year clouded the outlook for interest-rate increases. Platinum rose to a one-month high.
Bullion for immediate delivery increased as much as 1 percent to $1,218.92 an ounce, the highest since March 26, before trading at $1,218.69 by 8:54 a.m. in Singapore, according to Bloomberg generic pricing. Markets in Australia, China and Hong Kong are closed on Monday.
Gold added 2.9 percent this year as investors assessed data for clues on when the Federal Reserve may raise rates. Fed Chair Janet Yellen and her colleagues last month opened the door to an interest-rate increase as soon as June, while also suggesting in forecasts that September may be a more likely time. Minutes of the Fed’s March meeting due Wednesday may give more clarity on the central bank’s approach.
American companies added 126,000 positions in March, the least since December 2013, according to the Labor Department on Friday. The Bloomberg Dollar Spot Index fell for a fourth day on Monday, set for the longest losing streak in nine months.
Gold for June delivery added 1.5 percent to $1,218.40 an ounce on the Comex, while silver for immediate delivery climbed 0.3 percent to $17.118 an ounce.
Spot platinum gained as much as 2.1 percent to $1,180, the highest since March 6, before trading at $1,178.50. Palladium rose 2.5 percent to $764.30 an ounce, the biggest advance since March 18.
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China Stock-Index Futures Rise Following Fourth Weekly Advance

PT. Equityworld Futures - China stock-index futures rose as the benchmark Shanghai gauge headed for a fourth weekly gain.
Futures on the CSI 300 Index expiring in April advanced 0.1 percent to 4,107.40 as of 9:25 a.m. China Vanke Co., the nation’s biggest listed property developer, may be active after saying profit fell as much as 61 percent in the first quarter from a year earlier.
The Shanghai Composite Index gained 0.4 percent to 3,825.78 on Thursday, taking its climb this week to 3.7 percent. The CSI 300 Index rose less than 0.1 percent.
Margin traders increased holdings of shares purchased with borrowed money Thursday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising by 1.2 percent to a record 1.02 billion yuan.
The 14-day relative strength measure for the Shanghai index, measuring how rapidly prices have advanced or dropped during a specified time period, was at 78.2 Thursday. Readings above 70 indicate a price may be poised to fall.
The online sports-lottery operator rose 18 percent on Thursday in New York to $12.29, its biggest jump in 11 weeks. 500.com paced gains on the Bloomberg index of the most-actively traded Chinese companies on U.S. exchanges, which added 1.4 percent for a second day of advances. The gauge increased 1.6 percent for the week as U.S. stock trading is closed for a holiday Friday.
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Gold Falls Most in Three Weeks on Outlook for Higher U.S. Rates

PT. Equityworld Futures - Gold fell the most in three weeks as the dollar strengthened and investors speculated that the Federal Reserve will raise interest rates this year. Silver slid.
Federal Reserve Chair Janet Yellen said Friday she expects rates to be raised this year and that subsequent increases will be gradual without following a predictable path. Higher borrowing costs cut bullion’s allure because the metal generally offers returns only through price gains. The Bloomberg Dollar Spot Index rose for a third day.
Gold for June delivery lost as much as 1.4 percent, the most since March 6, to $1,183.30 an ounce. It traded at $1,183.50 by 7:44 a.m. on the Comex in New York. Bullion for immediate delivery fell 1.2 percent to $1,183.77, according to Bloomberg generic pricing.
Short positions, or bets on lower prices, climbed for a seventh week to the highest in data going back to 2006, U.S. Commodity Futures Trading Commission data showed.
Gold declined on Friday in London to end the longest run of gains since 2012. Prices reached a three-week high on March 26 as Saudi Arabia and its allies started bombing targets in Yemen.
Holdings in gold-backed exchange-traded products rose on Friday for the first time in four days, according to data compiled by Bloomberg.
Silver futures slumped 2.5 percent to $16.635 an ounce on the Comex, reaching the lowest in a week. Platinum lost 1.6 percent to $1,122 an ounce, heading for a third straight quarterly loss.
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Gold Declines as Investors Weigh Rates Outlook, Dollar Advances

PT. Equityworld Futures - Gold dropped for a second day after Federal Reserve Chair Janet Yellen said that she expects interest rates to rise this year in the world’s biggest economy, boosting the dollar for a third day. Silver retreated.
Bullion for immediate delivery fell as much as 0.2 percent to $1,195.91 an ounce and was at $1,197.50 at 8:44 a.m. in Singapore, according to Bloomberg generic pricing. While the metal lost 0.5 percent on Friday to snap the longest run of gains since 2012, it is still set to post the first quarterly rise since June. Gold in Shanghai dropped for a second day.
Gold rose to a three-week high on March 26 as Saudi Arabia headed a coalition of 10 Sunni-led nations attacking Shiite rebels in Yemen, spurring haven demand on concern the conflict may disrupt oil supplies. Yellen said Friday that she expects the central bank to raise rates this year, and that subsequent increases will be gradual without following a predictable path. Short holdings in gold climbed for a seventh week to a record, Commodity Futures Trading Commission data showed.
Gold for June delivery lost 0.3 percent to $1,196.80 on the Comex. Bullion of 99.99 percent purity lost 0.3 percent to 239.80 yuan a gram ($1,200.10 an ounce) on the Shanghai Gold Exchange.
Silver for immediate delivery dropped 0.2 percent to $16.9194 an ounce and is set to climb 7.6 percent this quarter. Platinum was little changed at $1,136.75 an ounce, heading for a third straight quarterly loss. Palladium declined 0.3 percent to $739.25 an ounce, set for a quarterly drop.
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