Gold Futures Decline on U.S. Inflation Data, Fed Rate Outlook

PT. Equityworld Futures - Gold futures fell as rising U.S. consumer prices signaled an approach to the Federal Reserve’s inflation target, boosting prospects for the first interest-rate increase since 2006.

The cost of living excluding food and fuel rose at a faster pace than expected in April, government data showed Friday. Fed policy makers have indicated they are watching inflation and the job market to help determine when to lift borrowing costs. The dollar extended a rally against a basket of 10 currencies after Fed Reserve Chair Janet Yellen said she expects a rate increase this year if the economy meets her forecasts.

On the Comex in New York, gold futures fell less than 0.1 percent to settle at $1,204 an ounce at 1:49 p.m. The metal declined 1.7 percent this week.

Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through price gains.

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Emas Hentikan Gain Lima Harinya Jelang Risalah The Fed

PT. Equityworld Futures - Kilau emas memudar pasca gain lima harinya jelang rilis risalah terbaru dari pertemuan The Fed seiring para investor mengkaji data ekonomi AS guna petunjuk mengenai kapan waktu kenaikan suku bunga. Sementara perak jatuh untuk pertama kalinya dalam enam hari terakhir.

Bullion untuk pengiriman segera turun 0,4% menjadi $ 1,221.18 per ons pada 9:57 pagi di Singapura, menurut harga Bloomberg. Harga naik ke level $ 1,232.44 pada hari Senin, level tertinggi sejak 17 Februari. Emas di Shanghai turun untuk pertama kalinya dalam lima hari terakhir.

Emas untuk pengiriman Juni turun 0,5% menjadi $ 1.221 per ons di Comex. Bullion kemurnian 99,99 persen turun 0,3% menjadi 244,60 yuan per gram ($ 1,226.13 per ons) pada Shanghai Gold Exchange.

Perak untuk pengiriman segera turun 1,3% menjadi $ 17,4872 per ons setelah naik ke level $ 17,7815 pada hari Senin, level tertinggi sejak Januari 29. Kepemilikan emas ETF melemah pada hari Senin ke level terendah sejak Januari tahun lalu.

Platinum turun 0,8% menjadi $ 1,167.50 per ons menghentikan reli lima harinya, yang terpanjang sejak Juni 2014. Palladium turun 0,2% menjadi $ 785,42 per ons.(yds)

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Gold Settles Higher, Then Tops $1,210 After Fed Minutes

PT. Equityworld Futures - Gold futures settled higher on Wednesday, then moved up in electronic trading to top $1,210 an ounce after minutes from the Federal Reserve Open Market Committee’s April meeting showed that only a few officials expect an interest-rate hike in June.

Gold for June delivery GCM5, was at $1,211.10 an ounce in electronic trading on Globex after the minutes, after settling at $1,208.70 an ounce, up $2, or 0.2%, on Comex.

The April minutes of the policy-setting FOMC were released shortly after the close of regular metals trading on Comex. Only a “few” Fed officials thought economic data would improve enough to trigger a rate hike at the next meeting in June.

Higher interest rates can support the dollar, which can be bearish for dollar-denominated gold.

Gold on Monday rose to its highest level in more than three months, but gave back some of those gains to finish Tuesday at its lowest level in a week. The yellow metal has been stuck in trading range between resistance at $1,225 an ounce and support at $1,180.

Sumber : ewfpro.com

Gold Fell Most This Month as Housing Data Boosts Rate Concerns

PT. Equityworld Futures - Gold fell the most since April on speculation that an improving U.S. housing market will boost the case for the Federal Reserve to raise U.S. interest rates.

U.S. housing starts jumped to a seven-year high last month, government data showed Tuesday. The rise extended gains in the dollar, curbing bullion’s appeal as an alternative asset, after the European Central Bank said it will speed up bond buying. Gold has posted three straight monthly losses as the outlook for higher borrowing costs prompts investors to favor assets with better yield prospects, such as equities.

The metal dropped from a three-month high, with the rebound in housing signaling the economy may be strong enough for the Fed to start tightening this year. Minutes from the central bank’s latest meeting will be released Wednesday. Holdings in exchange-traded products backed by gold fell to the lowest since mid-January, data compiled by Bloomberg showed.

Gold futures for June delivery fell 1.7 percent to settle at $1,206.70 an ounce at 1:43 p.m. on the Comex in New York, the biggest drop for a most-active contract since April 30. On Monday, the precious metal climbed to $1,232, the highest since Feb. 17.

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