Gold Futures Drop to Two-Week Low on Fed Interest-Rate Outlook

PT. Equityworld Futures - Gold futures fell to the lowest in almost two weeks on speculation that a smaller-than-expected gain in U.S. retail sales won’t be enough to keep the Federal Reserve from raising interest rates this year.
Purchases at U.S. retailers increased 0.9 percent, the first gain in four months, after a 0.5 percent drop in February, government figures showed Tuesday. The median forecast of 87 economists surveyed by Bloomberg called for a 1.1 percent advance.
Gold futures for June delivery fell 0.6 percent to settle at $1,192.60 an ounce at 1:48 p.m. on the Comex in New York, after reaching $1,183.50, the lowest since April 1.
Silver futures for May delivery declined 0.8 percent to $16.161 an ounce on the Comex, also the fifth loss in six sessions.
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Gold Climbs for First Time in Four Days After ETP Holdings Rises

PT. Equityworld Futures - Gold advanced for the first time in four days after holdings in exchange-traded products backed by bullion posted the largest increase in more than six weeks.
On Thursday, gold-backed ETP holdings rose by 3.9 metric tons, the most since Feb. 23, to 1,620.1 tons, according to data compiled by Bloomberg. Holdings in the SPDR Gold Trust, the top bullion ETP, had the biggest jump in two months.
Gold futures had a fourth straight weekly increase, the longest rally since July, as investors assess economic data to determine when the Federal Reserve is likely to boost borrowing costs. Higher rates curb bullion’s appeal because it only offers returns through price gains. A government report last week showed U.S. hiring cooled, giving support to the view that the Fed will delay increases.
Gold futures for June delivery increased 0.9 percent to settle at $1,204.60 an ounce at 1:46 p.m. on the Comex in New York. The metal fell 2.1 percent in the prior three sessions.
ETP holdings increased by 21.7 tons so far this year after declining 164.4 tons in 2014, a second annual drop. The Bloomberg Dollar Spot Index, a gauge of the greenback’s strength against 10 major counterparts, climbed a second day, gaining 0.2 percent. Bullion typically moves inversely to the U.S. currency.
Silver futures for May delivery rose 1.3 percent to $16.382 an ounce on the Comex. Holdings in silver-backed ETPs gained 4.7 tons on Thursday.
On the New York Mercantile Exchange, palladium futures for June delivery advanced 1.8 percent to $776.05 an ounce. Platinum for July delivery gained 1.2 percent to $1,170.60 an ounce.
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Gold Near One Week Low as US Rate Hike Bets Boost Dollar

PT. Equityworld Futures - Gold hovered near a one-week trough on Friday and was set to snap a three-week rally, pressured by renewed expectations for a U.S. rate hike this year despite recent soft economic data. 
Spot gold was little changed at $1,194.71 an ounce by 0017 GMT, after slipping to a session low of $1,192.30 on Thursday. Bullion is down 1.3 percent so far this week following a three-week rise. U.S. gold for June delivery was also nearly flat at $1,194.60 an ounce.
Bullion prices were back to levels where they were before the release of much softer-than-expected U.S. employment data last week. That lifted gold to a seven-week high above $1,220 on Monday as investors pared back forecasts for a U.S. rate increase following the dismal jobs number.
The non-interest bearing metal took a hit from comments from Federal Reserve officials which suggested that a rate hike in June could still be in play, along with minutes of the Fed's March meeting that opened the door to an increase during that month.
Gold prices could drop to five-year lows this year, extending two years of decline before they rebound in 2016 on a demand recovery in Asia, GFMS analysts at Thomson Reuters said.
Gold demand in the world's biggest consumer India risks falling for a second straight year in 2015, as millions of Indian farmers hit by erratic weather and falling commodity prices trim purchases.
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Gold Climbs for First Time in Four Days

PT. Equityworld Futures - Gold advanced for the first time in four days after holdings in exchange-traded products backed by bullion posted the largest increase in more than six weeks.
On Thursday, gold-backed ETP holdings rose by 3.9 metric tons, the most since Feb. 23, to 1,620.1 tons, according to data compiled by Bloomberg. Holdings in the SPDR Gold Trust, the top bullion ETP, had the biggest jump in two months.
Gold futures are heading for a fourth straight weekly increase, the longest rally since July, as investors assess economic data for signals on when the Federal Reserve is likely to boost borrowing costs. Higher rates curb bullion’s appeal because it only offers returns through price gains. A government report last week showed U.S. hiring cooled, giving support to the view that the Fed will delay increases.
Gold futures for June delivery increased 1.3 percent to $1,209.10 at 9:39 a.m. on the Comex in New York. The metal fell 2.1 percent in the prior three sessions.
ETP holdings increased by 21.7 tons so far this year after declining 164.4 tons in 2014, a second annual drop. The Bloomberg Dollar Spot Index, a gauge of the greenback’s strength against 10 major counterparts, climbed a second day, gaining 0.2 percent. Bullion typically moves inversely to the U.S. currency.
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