Senin, 06 Juli 2015

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.”
Sumber : ewfpro.com