PT. Equityworld Futures - Gold
held below $1,200 an ounce after the dollar climbed to the highest
level in more than six weeks amid speculation that the Federal Reserve
will raise interest rates this year. Platinum traded at the lowest since
March.
Bullion
for immediate delivery was at $1,188.14 an ounce at 12:48 p.m. in
Singapore from $1,189.20 on Monday, when it ended 0.1 percent lower
after rising to $1,204.42, according to Bloomberg generic pricing.
Prices in Shanghai pared gains.
The
Institute for Supply Management’s factory index rose to a three-month
high of 52.8 in May from 51.5 a month earlier, figures from the Tempe,
Arizona-based group showed. Among data due this week are May payrolls on
Friday.
The
Bloomberg Dollar Spot Index rose as much as 0.7 percent on Monday to
the highest since April 15 and retreated 0.2 percent on Tuesday. The
gauge versus 10 major currencies added 1 percent last week and 2.6
percent the week before.
Investors
sold bullion in exchange-traded products for a fourth day, cutting
holdings by 0.2 percent to 1,599.53 metric tons as of Monday, data
compiled by Bloomberg show. Assets are the smallest since mid-January.
Gold
for August delivery fell 0.1 percent to $1,188 on the Comex. Bullion of
99.99 percent purity rose 0.1 percent to 237 yuan a gram ($1,189.26 an
ounce) on the Shanghai Gold Exchange.
Silver
for immediate delivery fell 0.3 percent to $16.7122 an ounce. Spot
platinum dropped 0.2 percent to $1,101.03 an ounce, the lowest level
since March 18. The metal is trading at its cheapest relative to gold
since 2013. Palladium dropped 0.3 percent to $771.16 an ounce, the
lowest in a week.
Sumber : ewfpro.com
