Gold Rebound on Dolar, Fed Minute Show Uncertainty

PT. Equityworld Futures - Gold rose on Wednesday as the dollar softened, reversing after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis.
The price of the yellow metal did not react to the June U.S. Federal Reserve policy meeting minutes that showed officials saying they needed to see more signs of a strengthening U.S. economy before raising interest rates.
Melek was referring to expectations the Fed will raise interest rates later this year.
San Francisco Fed President John Williams said the Fed will likely raise rates this year but should only do so when there are firmer signs inflation is headed back up toward the central bank's 2 percent target.
Spot gold was up 0.6 percent at $1,161.60 an ounce at 2:54 p.m. EDT (1854 GMT), after falling to $1,146.75, its lowest since March 18, in earlier trade. U.S. gold futures for August delivery settled up $10.9 at $1,163.50 an ounce.
Other precious metals fell sharply early, with platinum approaching the $1,000 an ounce mark for the first time in more than six years before paring losses.
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Asia Stocks Fall Before Greek Vote as China Shares Extend Slump

PT. Equityworld Futures - Asian stocks fell, led by mainland China shares as measures to shore up the market failed to stop margin traders from unwinding positions at a record pace and investors awaited Greece’s referendum.

The Shanghai Composite Index capped its steepest three-week slide since 1992, falling 5.8 percent on Friday. BHP Billiton Ltd. lost 1.5 percent in Sydney, dragging commodity producers to the largest declines on the regional gauge. China Resources Land Ltd. dropped 4 percent in Hong Kong as just eight of 50 shares on the Hang Seng Index advanced.

The MSCI Asia Pacific Index slipped 0.4 percent to 146.36 as of 5:03 p.m. in Tokyo. The measure is headed for a 1 percent decrease this week. With the Shanghai gauge tumbling more than twice as fast as any other index worldwide, regulators have pledged to investigate market manipulation and unveiled measures to revive confidence among the nation’s 90 million individual investors.

The Hang Seng Index fell 0.8 percent and the Hang Seng China Enterprises Index declined 1.4 percent. Australia’s S&P/ASX 200 Index slipped 1.1 percent and New Zealand’s NZX 50 Index was little changed. South Korea’s Kospi index fell 0.1 percent and Singapore’s Straits Times gained 0.4 percent.

Japan’s Topix index added 0.2 percent, paring this week’s drop to 0.9 percent.

The Standard & Poor’s 500 Index ended the shortened week down 1.2 percent, the biggest weekly loss since March, after closing little changed Thursday. The monthly U.S labor report indicated job creation advanced in June while pay stagnated and the size of the workforce receded.

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Emas Tahan Penurunan Karena Prospek Kenaikan Suku Bunga the Fed Kalahkan Isu Yunani

PT. Equityworld Futures - Emas menuju penurunan mingguan kedua karena spekulasi Federal Reserve yang akan menaikkan suku bunga di tengah penguatan ekonomi AS, melebihi permintaan yang didorong oleh krisis utang Yunani.

Emas batanganuntuk pengiriman segera berada di $ 1,167.81 per ons pada pukul 2:26 waktu Singapura dari posisi $ 1,166.26 pada hari Kamiskemarin, ketika logamkuning tersebut jatuh ke $ 1,157.18, terendah sejak 18 Maret, menurut harga Bloomberg. Harga menuju penurunan sebesar 0,7 persen pada minggu ini, memperpanjang penurunan 2,1 persen minggu lalu.

Fokus investor bergeser ketika Federal Reserve akan menaikkan suku bunga sebelum referendum  Yunani pada akhir pekan dalam upaya langkah-langkah penghematan yang dapat membantu untuk menentukan apakah negara itu tetap berada didalam zona euro. Sebuah laporan Departemen Tenaga Kerja pada hari Kamis menunjukkan perusahaan-perusahaan AS menambahkan 223.000 pekerjaan pada Juni, sementara upah mengalami stagnansi dan jumlah angkatan kerja mengalami penyusutan.

Kontrak berjangka untuk pengiriman Agustus naik 0,3 persen menjadi $ 1.166,50 di Comex setelah tiga hari mengalami kerugian. Logam mulia dengan kemurnian 99,99 persen  kehilangan sebanyak 0,5 persen menjadi 231,50 yuan per gram ($ 1,160.18) diBursa Emas Shanghaimeskipundiperdagangan sedikit berubah pada 232,78 yuan.

Perak untuk pengiriman segera turun 0,2 persen menjadi $ 15,6648 per ons setelahnaik 0,7 persen pada hari Kamis, ketika ketika mengakhiri lima hari penurunannya.(sdm)

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Gold Trades Near Three-Month Low as Fed Outlook

PT. Equityworld Futures - Gold traded near a three-month low as the outlook for higher U.S. interest rates this year outweighed demand for a haven spurred by Greece’s debt crisis. Palladium declined.

Investors’ focus shifted to when the Federal Reserve will raise interest rates before Greece’s weekend referendum on austerity measures that may help to determine whether the country remains in the euro zone. A Labor Department report on Thursday showed U.S. companies added 223,000 jobs in June while wages stagnated and the size of the labor force receded.

Gold for immediate delivery added 0.2 percent to $1,168.69 an ounce at 4:16 p.m. in New York, according to Bloomberg generic pricing. On Thursday, the metal fell for the third straight day, touching $1,157.18, the lowest since March 18. The commodity has dropped 0.6 percent this week.

Futures for August delivery increased 0.4 percent to $1,167.80 on the Comex in New York, where floor trading was closed for a public holiday.

Polls show the outcome of Greece’s Sunday referendum on austerity is too close to call. Prime Minister Alexis Tsipras is campaigning for citizens to vote “no,” and vowed to sign off on creditor demands should people vote “yes.”

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