Investor Kaji Stimulus, Emas Hentikan Kenaikan Dalam 2 Hari

Bloomberg (10/12) – Emas memangkas gain selama dua hari sejalan dengan para investor mengkaji mengenai waktu Federal Reserve AS akan memangkas stimulus pasca adanya tanda-tanda membaiknya pasar tenaga kerja, dengan para pembuat kebijakan menyatakan bahwa ekstra tapering telah meningkat.

Emas Bullion untuk pengiriman langsung turun sebesar 0.2% pada level $1,238.16 per ounce, dan ditransaksikan pada level $1,238.99 pukul 8:40 pagi di Singapura. Emas telah turun sebesar 26% pada tahun ini, menuju penurunan tahunan pertama kalinya dalam 13 tahun terakhir, terkait spekulasi bahwa Federal Reserve akan memulai mempertimbangkan kembali pembelian obligasi bulanannya sebesar $85 miliar sejalan dengan membaiknya ekonomi AS. Data pada pekan lalu menunjukkan bahwa payroll AS naik sebesar 203,000 di bulan November, naik dari perkiraan sebelumnya. Federal Open Market Committee berikutnya akan dilaksanakan pada tanggal 17-18 Desember mendatang. Emas mengalami rebound dari level $1,210.61 pada tanggal 6 Desember lalu, terendah sejak tanggal 5 Juli lalu, terkait tanda-tanda naiknya permintaan di China, konsumen terbesar kedua di dunia. Volume untuk emas bullion murni sebesar 99.99% pada Shanghai Gold Exchange, yang merupakan acuan spot kontrak, naik sebesar 14,063 kilogram kemarin, tertinggi sejak tanggal 28 November lalu. Emas untuk pengiriman bulan Februari gain sebesar 0.3% ke level $1,238.30 per ounce pada Comex di New York, naik pada hari kedua. Volume transaksi sebesar 61% dibawah rata-rata 100 hari lalu pada waktu ini, menurut data yang dihinpun oleh Bloomberg. Perak turun 0.4% ke level $19.7921 per ounce, memangkas kenaikan selama dua hari, pasca menyentuh satu pekan tertingginya sebesar $19.9972 kemarin. Platinum turun 0.2% ke level $1,372.15 per ounce, sementara palladium sedikit berubah pada level $736.03 per ounce. (bgs)

 

Gold Halts Two-Day Climb as Investors Weigh Cut to U.S. Stimulus

Bloomberg (10/12) -- Gold snapped two days of gains as investors assessed whether the U.S. Federal Reserve will reduce stimulus after signs of improvement in the labor market, with a policy maker saying that the odds of tapering have increased.

Bullion for immediate delivery fell as much as 0.2 percent to $1,238.16 an ounce, and traded at $1,238.99 at 8:40 a.m. in Singapore. Fed Bank of St. Louis President James Bullard, who votes on policy this year, said yesterday the odds of tapering bond purchases have risen along with gains in the labor market. Gold slumped 26 percent this year, heading for its first annual loss in 13 years, on speculation that the Fed will start scaling back its $85 billion in monthly bond buying as the economy improves. Data last week showed that U.S. payrolls rose 203,000 in November, beating expectations. The Federal Open Market Committee next meets Dec. 17-18. Gold has rebounded from $1,210.61 on Dec. 6, the lowest since July 5, on signs of increased demand in China, the second-largest consumer. Volumes for bullion of 99.99 percent purity on the Shanghai Gold Exchange, the benchmark spot contract, rose to 14,063 kilograms yesterday, the most since Nov. 28. Gold for February delivery gained 0.3 percent to $1,238.30 an ounce on the Comex in New York, rising for a second day. Trading volume was 61 percent below the average for the past 100 days at this time, data compiled by Bloomberg showed. Spot silver declined 0.4 percent to $19.7921 an ounce, halting a two-day advance, after touching a one-week high of $19.9972 yesterday. Platinum lost 0.2 percent to $1,372.15 an ounce, while palladium was little changed at $736.03 an ounce.

 

Pernyataan The Fed Membuat Emas Berakhir Gain

SAN FRANCISCO, MarketWatch (10/12) - Emas berjangka menetap sedikit lebih tinggi pada hari Senin, rebound setelah kerugian selama dua sesi perdagangan terakhir, karena para pedagang menimbang waktu mundurnya program pembelian obligasi oleh Federal Reserve setelah pernyataan terbaru dari pejabat bank sentral.

Emas untuk pengiriman Februari berada di $ 5,20, atau 0,4 %, untuk menetap pada $ 1,234.20 per ons di divisi Comex New York Mercantile Exchange. Perak Maret ditutup naik 18 sen, atau 0,9 %, pada $ 19,70 per ons. Dalam pidatonya hari Senin, Jeffrey Lacker, Presiden Federal Reserve Richmond Bank, mengatakan bahwa The Fed akan membahas menarik kembali program pembelian asetnya pada pertemuan minggu depan. Secara terpisah, Presiden The Fed St Louis James Bullard mengatakan bahwa mungkin langkah terbaik penurunan kecil di bulan Desember. Harga emas sempat menambah kenaikan setelah berita pernyataan The Fed, yang kemudian memangkas keuntungan lagi sebelum harga Comex menetap untuk sesi perdagangan reguler di hari Senin. Program pembelian obligasi bank sentral, juga dikenal sebagai pelonggaran kuantitatif, telah membantu mendukung harga emas. Program ini memberikan kontribusi terhadap melemahnya dolar, yang pada gilirannya ditopang oleh harga dolar dalam mata uang emas. Tapi ' kenaikan harga emas selama dua sesi terakhir, dalam menghadapi berita yang menunjukkan bahwa penurunan QE mungkin datang lebih cepat daripada yang diharapkan, mungkin berarti bahwa logam akhirnya dihargai dalam peristiwa semacam itu, ' kata Brien Lundin, editor Gold Newsletter. ' Singkatnya, kami mungkin telah kehabisan penjual. ' ' Dan dengan sisi bearish perahu terasa begitu penuh sesak, pasar emas tampak prima untuk rebound pemulihan sementara yang signifikan, ' katanya. Berita bahwa Richard Fisher, presiden Federal Reserve Dallas Bank  yang didukung penurunan Program QE bank sentral ' pada kesempatan pertama, ' muncul setelah penutupan perdagangan emas di Comex. Harga emas Februari di perdagangan elektronik naik di atas harga settlement lama setelah - menjadi $ 1,236.30 per ons. Bullard juga menunjukkan bahwa The Fed bisa menghentikan tapering jika inflasi turun- ' menunjukkan bahwa mereka tidak melupakan mandat ganda mereka, ' kata Colin Cieszynski, analis pasar senior di CMC Markets. ' Mereka tidak akan menurunkan pada biaya apapun dan tidak akan membiarkan deflasi memegang kendali. ' Pernyataan Fisher, bersama dengan Lacker dan Bullard, ini adalah komentar resmi terakhir dari bank sentral sampai setelah pertemuan komite kebijakan tanggal 17-18 Desember mendatang.(frk)

 

S&P 500 Rises to Record as Investors Weigh Fed Plans

Bloomberg (10/12) -- U.S. stocks rose, sending the Standard & Poor’s 500 Index to a fresh record, as investors weighed the timing of any cuts to Federal Reserve monetary support amid budget negotiations in Washington. The S&P 500 climbed 0.2 percent to 1,808.56 at 4 p.m. in New York, surpassing its previous record of 1,807.23 set on Nov. 27. the Dow Jones industrial average edged up 5.52 points, or 0.03 percent, to finish unofficially at 16,025.72. The Standard & Poor's 500 Index rose 3.28 points, or 0.18 percent, to close unofficially at 1,808.37. The Nasdaq Composite Index gained 6.23 points, or 0.15 percent, to end unofficially at 4,068.75. The S&P 500 gained 1.1 percent on Dec. 6, halting a five-day slump that erased 1.2 percent from the gauge, as jobs growth in November beat estimates and the unemployment rate fell to a five-year low. The index fell less than 0.1 percent last week, snapping an eight-week rally that was the longest in almost a decade, as improving economic data spurred concern that the Fed will reduce its stimulus sooner than expected.

Gold ends with a gain as traders mull Fed comments

SAN FRANCISCO, MarketWatch (10/12) — Gold futures settled a bit higher on Monday, rebounding after losses over the past two trading sessions, as traders mulled the timing of a pullback in the Federal Reserve’s bond-buying program following the latest comments from central bank officials.

Gold for February delivery tacked on $5.20, or 0.4%, to settle at $1,234.20 an ounce on the Comex division of the New York Mercantile Exchange. March silver closed up 18 cents, or 0.9%, at $19.70 an ounce. In a speech Monday, Jeffrey Lacker, president of the Richmond Federal Reserve Bank, said the Fed will discuss pulling back its asset purchase program at its meeting next week. Separately, St. Louis Fed President James Bullard said the best move may be a small December taper. Gold prices briefly added to gains after news of the Fed comments, then pared gains again before Comex prices settled for Monday’s regular trading session. The central bank’s bond-buying program, also known as quantitative easing, has helped support gold prices. The program contributed to a weaker dollar, which in turn buoyed prices for dollar-denominated gold. But “gold’s price gains over the last two sessions, in the face of news indicating that a QE taper may come sooner rather than later, may mean that the metal has finally priced in such an event,” said Brien Lundin, editor of Gold Newsletter. “In short, we may have run out of sellers.” “And with the bearish side of the boat so overcrowded, the gold market appears primed for a significant short-covering rebound,” he said. News that Richard Fisher, president of the Dallas Federal Reserve Bank, backed tapering the central bank’s QE program “at the earliest opportunity,” emerged after the close of gold trading on Comex. Prices for February gold in electronic trading climbed above the settlement price shortly after — to $1,236.30 an ounce. Bullard also indicated that the Fed could pause tapering if inflation falls — “indicating they haven’t forgotten their dual mandate,” said Colin Cieszynski, senior market analyst at CMC Markets. “They won’t taper at any cost and won’t let deflation take hold.” Fisher’s comments, along with Lacker’s and Bullard’s, are the last official comments from the central bank until after its Dec. 17-18 policy committee meeting.