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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Saham AS Dibuka Melemah Ditengah Kekhwatiran Krisis Yunani

PT. Equityworld Futures - Saham AS turun di tengah kekhawatiran yang meningkat mengenai potensi dampak keluarnya Yunani dari kawasan euro, dengan pemerintah menerapkan kontrol modal serta menutup bank-bank sebelum mengusulkan tuntutan kreditor.
Sembilan dari 10 industri utama 500 Indeks Standard & Poor turun, dengan saham finansial turun 0,9%. Citigroup Inc dan JPMorgan Chase & Co tergelincir sedikitnya 1,5%. Fiat Chrysler Mobil NV, yang membuat sekitar seperempat dari penjualan di Eropa, Timur Tengah dan Afrika, jatuh sebanyak 4,7%. Global X FTSE Yunani 20 ETF jatuh 15%.
Indeks Standard & Poor 500 turun 0,6% menjadi 2,089.82 pada 09:51 pagi di New York, setelah sebelumnya turun 0,9% dan jatuh di bawah harga rata-rata selama 100 hari terakhir. Dow Jones Industrial Average kehilangan 110,37 poin, atau 0,6%, ke level17,836.31, dan Indeks Nasdaq Composite turun 0,7%.(yds)
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Gold ETP Holdings Increase Most in Four Months Amid Haven Demand

PT. Equityworld Futures - Investors bought gold through exchange-traded products at the fastest pace in more than four months as Greece’s financial woes revived demand for the metal as a haven.
Global assets in the ETPs rose by 6.3 metric tons last week, the biggest addition since Feb. 6, data compiled by Bloomberg show. Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an statement.
Gold futures for August delivery gained 0.5 percent to settle at $1,179 an ounce at 1:39 p.m. on the Comex in New York after rising 0.1 percent on Friday. Today’s advance marked the first consecutive gain since June 10.
The metal headed for the fourth straight quarterly loss, which would be the longest slump since 1997. Signs that the Federal Reserve is on track to raise U.S. interest rates for the first time since 2006 have cut the appeal of gold, which only offers returns through prices gains and doesn’t pay interest, unlike competing assets.
Silver futures for September delivery fell 0.5 percent to $15.695 an ounce. Prices are down 5.4 percent this quarter.
Palladium futures for September delivery slumped 1.8 percent to $666.45 an ounce on the New York Mercantile Exchange. The price touched $665.20, the lowest for a most-active contract since July 1, 2013.
The spot gold-palladium ratio jumped as much as 2.3 percent to 1.7687, the highest since March 20, 2014, according to Bloomberg generic pricing.
Platinum futures for October delivery climbed 0.1 percent to $1,082.30 an ounce on the Nymex. The price has dropped 11 percent this year, while palladium has slumped 17 percent.
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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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