Bursa Jepang Melemah, Yen Menguat Ditengah Krisis Yunani

PT. Equityworld Futures - Bursa saham Jepang dibuka melemah dan yen melonjak karena Yunani bergerak untuk mencegah runtuhnya sistem keuangan setelah pembicaraan bantuan dengan kreditur gagal, meningkatkan risiko bahwa negara tersebut bisa dipaksa untuk keluar dari euro zone.
Indeks Topix turun 1,9% ke level 1,634.71 pada pukul 09:01 pagi di Tokyo, menuju kerugian terbesar sejak 30 April. Sementara indeks Nikkei 225 Stock Average kehilangan 2% ke level 20,296.92. Pagi ini yen menguat 1,1% ke level 122,46 per dolar setelah Yunani menyerukan referendum terkait proposal bailout dan para negara-negara kreditor menolak permintaan Yunani untuk memperpanjang bantuan sementara, membawa Yunani selangkah lebih dekat menuju default.
Setelah Perdana Menteri Yunani Alexis Tsipras tiba-tiba menyerukan referendum pada 5 Juli terkait hal paket bailout negaranya, menteri-menteri keuangan kawasan Eropa pada Sabtu yang lalu menolak permintaannya untuk perpanjangan satu bulan program bantuan, yang berakhir pada hari Selasa, menutup peluang untuk keuangan sementara sampai referendum diadakan.(frk)
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Gold Back Out of Favor With Fed in Focus as Greek Deal Nears

PT. Equityworld Futures - Gold futures fell for the third straight session, falling out of favor with investors as attention shifts away from Greece and back to the outlook for higher U.S. interest rates.
Federal Reserve Governor Jerome Powell suggested Tuesday that rates may rise as soon as September as the economy gains traction. Gold last week posted the biggest advance in a month after Fed officials indicated that monetary tightening will happen at a slow pace, while Greece faced an impasse with its creditors.
The metal’s rally is proving to be short lived. Mounting speculation that Greece will soon reach a deal to avoid default is cutting demand for haven assets. At the same time, signs of improving U.S. economic growth are reigniting concern that the Fed will raise rates soon, boosting the dollar. Higher rates curb gold’s allure because the commodity doesn’t pay interest or give returns like other assets such as bonds and equities.
Gold futures for August delivery declined 0.6 percent to settle at $1,176.60 an ounce at 1:37 p.m. on the Comex in New York. The three-session slump was longest since June 5.
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Gold Falls as Equities Advance After Greece Gives New Proposals

PT. Equityworld Futures - Gold dropped below $1,200 an ounce as equities climbed after Greece presented a new plan to stave off default before an emergency summit on the country’s debt crisis. Palladium slipped to a 16-month low.
European and Asian stocks advanced as Greek Prime Minister Alexis Tsipras’s proposals were welcomed by European officials, who indicated it could help break a months-long impasse during talks in Brussels on Monday.
Gold for August delivery fell 0.7 percent to $1,193.30 an ounce by 7:54 a.m. on the Comex in New York, after rising the previous two weeks. Prices reached $1,205.70 on Thursday, the highest since May 26, after the Federal Reserve said it will take a gradual approach to raising interest rates. Bullion for immediate delivery slid 0.5 percent to $1,193.86, according to Bloomberg generic pricing.
Futures are little changed this year after swinging between year-to-date gains and losses more than 10 times as investors assessed when the U.S. would increase rates and amid prolonged talks on a Greek bailout.
The MSCI Asia Pacific Index of equities advanced to the highest level in two weeks, and the Stoxx Europe 600 Index rallied 1.7 percent. Strengthening equities can reduce gold’s safe-haven appeal.
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Gold Drops Most in Four Weeks as Greek Talks Curb Haven Demand

PT. Equityworld Futures - Gold fell the most in four weeks amid speculation that months of impasse will end as Greece and its creditors reach an aid deal, reducing demand for the metal as a haven.
Global equities climbed after Greece presented a new plan to stave off default, with the Stoxx Europe 600 Index gaining the most in six weeks. The rally for shares spurred less investor interest in precious metals, and gold trading was about 18 percent below the 100-day average for this time, data compiled by Bloomberg show.
Gold futures for August delivery fell 1.5 percent to settle at $1,184.10 an ounce at 1:47 p.m. on the Comex in New York, the biggest decline since May 19.
Prices are dropping after last week capping the biggest rally in a month on signs from the Federal Reserve that increases for U.S. interest rates will be slow. Still, policy makers indicated that they’re on track to tighten monetary policy this year.
Gold may fall to $1,050, the lowest since February 2010, as rates rise, Mitsubishi Corp. forecast last week. Higher rates curb bullion’s allure because the commodity doesn’t pay interest or give returns like other assets such as bonds and equities.
Silver futures for July delivery added 0.2 percent to $16.142 an ounce on the Comex.
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