Hong Kong Stocks Open 0.77 % Lower

PT. Equityworld Futures - Shares in Hong Kong slipped 0.77 percent in the first few minutes Monday after surging almost six percent at the end of last week as investors await the resumption of trade in Shanghai, which is witnessing severe volatility.
The Hang Seng Index eased 191.70 points to 24,709.58.
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Gold Falls to 15-Week Low, Silver Sags as Dollar Gains on Greece

PT. Equityworld Futures - Gold fell to a 15-week low and silver slumped to the cheapest in seven months after Greece’s economic crisis boosted haven demand for the dollar, eroding the allure of precious metals as stores of value.
On the Comex in New York, gold futures for August delivery declined 1.8 percent to settle at $1,152.60 an ounce at 1:48 p.m. after touching $1,146.80, the lowest for a most-active contract since March 18. Silver futures for September delivery tumbled 5 percent to $14.969 an ounce. Earlier, the metal reached $14.62, the cheapest since Dec. 1.
The dollar rose to a five-week high against a basket of 10 currencies. Greek Prime Minister Alexis Tsipras is in Brussels for what could be a last chance to secure a rescue from European leaders and keep his country in the euro. In the week ended June 30, the net-long position in gold futures and options plunged 55 percent, the most since U.S. government data began in June 2006.
Gold has dropped 12 percent in the past 12 months as the greenback jumped 18 percent.
Bullish bets on gold futures and options last week fell to 21,480 contracts, the lowest since October 2006, government data showed Monday. Holdings in global exchange-traded funds backed by the metal declined in eight of the past nine weeks, according to data compiled by Bloomberg.
Aggregate futures trading in silver on Tuesday was 88 percent above the 100-day average for this time, according to Bloomberg data. Gold volume was 37 percent higher.
On the New York Mercantile Exchange, platinum futures for October delivery dropped 2.3 percent to $1,041.50 an ounce after falling to $1,027, the lowest since February 2009. Palladium futures for September delivery fell 3.5 percent to $652.40 an ounce, the biggest decline since March 27.
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Gold Turn Up as French and German Leaders Meet

PT. Equityworld Futures - Gold turned higher on Monday as France and Germany told Greece the door was open to negotiations after Greek voters had rejected the terms of a bailout package.
Spot goldwas up 0.2 percent at $1,169.25 an ounce by 3:08 p.m. EDT (1908 GMT), while U.S. gold futures settled up $9.70, or 0.8 percent, at $1,173.20 an ounce.
Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit.
Gold prices turned higher on expectations of a statement after French President Francois Hollande and German Chancellor Angel Merkel met to discuss Greece, said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.
The Greek vote leaves the country in uncharted waters, risking a banking collapse. Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days. European leaders called a summit for Tuesday to discuss their next move.
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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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