Bloomberg, (14/10) -- Gold rebounded from a three-month low as U.S. Senate leaders struggled to draft an accord to increase the nation’s debt limit and avert a default.Bullion for immediate delivery rose as much as 0.5 percent to $1,279.05 an ounce and was at $1,273.60 at 7:43 a.m. in Singapore. Prices fell to $1,260.61 on Oct. 11, the lowest since July 11, on expectations an agreement would be reached. Gold for December climbed 0.4 percent to $1,273.30 an ounce on the Comex.
With the U.S.’s borrowing authority set to lapse Oct. 17, a deal to avert default and restore full government operations continues to elude politicians. Senate Majority Leader Harry Reid was negotiating with Minority Leader Mitch McConnell after talks between President Barack Obama and House Speaker John Boehner broke down. Gold has dropped 24 percent this year as U.S. economic growth quickened.
“Over recent weeks, the price has been influenced by what’s been happening in the U.S around their budget and the shutdown,” said Alexandra Knight, an economist at National Australia Bank Ltd. “It’ll continue to create volatility.”
Gold is heading for the first annual loss since 2000 on expectations that the Fed will slow the pace of its $85 billion monthly bond purchases. Holdings in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, fell to 890.98 metric tons on Oct. 11, the lowest level since February 2009.
0 komentar :
Post a Comment