Spot Emas Jatuh 0.8% seiring Risalah FOMC

Bloomberg (22/8) – Komoditi emas untuk pengiriman cepat turun sebanyak 0.8% menuju ke level harga $1,355.50/ons, dan diperdagangkan dilevel harga $1,358.96 pada jam 7:09 pagi di Singapura. •Spot perak jatuh sebanyak 1.4% ke level harga $22.571/ons.(tito)

U.S. Stocks Fall as Fed Minutes Show Support for Tapering

Bloomberg, (21/8) -- U.S. stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts this year if the economy improves. The Standard & Poor’s 500 Index lost 0.6 percent to 1,642.80 at 4 p.m. in New York, the lowest since July 8. The Dow dropped 105.44 points, or 0.7 percent, to 14,897.55. The measure retreated for a sixth day, the longest losing streak since July 2012. The S&P 500 fluctuated after the Fed released its minutes at 2 p.m. in Washington, with the gauge at one point erasing losses of as much as 0.8 percent. Growing concern that the Fed would reduce stimulus this year contributed to the index’s 3.4 percent drop from a record close on Aug. 2 through yesterday. Fed monetary support helped propel the benchmark gauge up more than 150 percent from its bear-market low in 2009. he Federal Open Market Committee’s minutes from the July 30-31 gathering released today showed officials were “broadly comfortable” with Chairman Ben S. Bernanke’s plan to start reducing bond buying later this year, with a few saying tapering might be needed soon. FOMC participants continued to expect economic growth to pick up in the second half of 2013 and “strengthen further.” After the July meeting, policy makers affirmed a pledge to continue stimulus until seeing signs “the outlook for the labor market has improved substantially.” July hiring data, released after the meeting, showed the smallest jobs gain in four months and the lowest jobless rate in more than four years.

 

Emas jatuh pasca perdagangan reguler setelah risalah FOMC beri sinyal support terhadap waktu pemangkasan

New York, Bloomberg (21/8) – Emas berjangka di New York turun pasca perdagangan reguler setelah Federal Reserve merilis risalah dari pertemuan bulan Juli lalu yang menunjukan dukungan dari para pejabat the Fed lainnya terhadap waktu atas rencana pengurangan stimulus dari Ketua the Fed, Ben S. Bernanke. Para pembuat kebijakan Komite Pasar Terbuka Federal (FOMC) telah 'secara luas merasa nyaman' dengan rencana Bernanke untuk mulai mengurangi pembelian obligasi akhir tahun ini jika ekonomi membaik, dengan beberapa yang mengatakan bahwa pemangkasan  mungkin diperlukan sesegera mungkin, merujuk kepada risalah tersebut. FOMC mungkin akan mengurangi pembelian bulanan pada pertemuan berikutnya tanggal 17-18 September mendatang, menurut 65 persen ekonom dalam survei Bloomberg sejak 9-13 Agustus lalu. 'Para pejabat tampaknya telah berada di lantai yang sama  dengan apa yang Bernanke pikiran terhadap kapan waktunya untuk pemangkasan itu,' kata Bart Melek, kepala strategi komoditas dari TD Securities di Toronto, dalam sebuah wawancara telepon. Emas berjangka untuk pengiriman Desember turun 0,1 persen menjadi $ 1,370.80 per ounce di perdagangan elektronik pada pukul 3:13 di Comex, New York. Logam itu sebelumnya diselesaikan turun 0,2 persen di posisi $ 1,370.10 pada penutupan perdagangan reguler. Emas telah jatuh 18 persen tahun ini karena sebagian investor telah kehilangan kepercayaan terhadap logam sebagai tempat penyimpan nilai dan spekulasi bahwa the Fed akan memangkas pembelian aset bulanan senilai $85 milyar yang telah bersama dengan rekor suku bunga rendah, membantu membawa emas pada masa kejayaan selama 12 tahun hingga tahun 2012 kemarin. (brc)

 

Gold Falls as FOMC Minutes Signal Support for Tapering Timeline

Bloomberg, (21/8) -- Gold futures in New York fell after regular trading as the Federal Reserve released minutes from its July meeting showing officials support Chairman Ben S. Bernanke’s timeline for reducing stimulus. Federal Open Market Committee policy makers were “broadly comfortable” with Bernanke’s plan to start reducing bond buying later this year if the economy improves, with a few saying tapering might be needed soon, the minutes showed. The FOMC will probably reduce its monthly purchases at its Sept. 17-18 meeting, according to 65 percent of economists in an Aug. 9-13 Bloomberg survey. “Officials seem to be on board with what Bernanke thinks the timeline should be,” Bart Melek, the head of commodity strategy at TD Securities in Toronto, said in a telephone interview. “It doesn’t look like you’re going to get a lot of new longs coming into the market at this point.” Gold futures for December delivery slid 0.1 percent to $1,370.80 an ounce in electronic trading at 3:13 p.m. on the Comex in New York. The metal earlier settled down 0.2 percent at $1,370.10 at the close of regular trading. Gold has tumbled 18 percent this year as some investors lost faith in the metal as a store of value and on speculation that the Fed may cut the $85 billion in monthly asset purchases that, along with record-low interest rates, helped send bullion on a 12-year bull run through 2012.