WTI Turun Hari Kedua Terkait Persediaan Bahan Bakar AS; Brent Turun

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West Texas Intermediate fell for a second day after inventories of gasoline and distillate fuels increased in the U.S., the world��s biggest oil consumer. Brent slipped as the European Central Bank cut its deposit rate below zero.

Futures dropped as much as 0.5 percent in New York. Gasoline stockpiles increased by 210,000 barrels to 211.8 million in the seven days ended May 30, while distillate inventories, including heating oil and diesel, climbed by 2.01 million barrels to 118.1 million, the Energy Information Administration reported yesterday. The ECB said it would implement further measures as policy makers try to counter the prospect of deflation.

WTI for July delivery declined as much as 52 cents to $102.12 a barrel in electronic trading on the New York Mercantile Exchange and was at $102.27 at 1:11 p.m. London time. The volume of all futures traded was 34 percent below the 100-day average for the time of day. Prices are up 3.9 percent this year.

Brent for July settlement decreased as much as 54 cents, or 0.5 percent, to $107.86 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $5.68 to WTI on ICE. The spread closed at $5.76 yesterday, the narrowest since April 15.

Copy Source: Bloomberg

Gold Holds Near Highest in Four Days Before U.S. Jobs Report

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Gold held near the highest level in four days, set to snap two weeks of losses, as investors awaited a U.S. labor report to assess the health of the world��s largest economy and the impact on monetary stimulus.

Gold for immediate delivery traded at $1,253.91 an ounce by 11:45 a.m. in Singapore from $1,253.63 yesterday, up 0.3 percent this week, according to Bloomberg generic pricing. The metal yesterday climbed to $1,257.73, the highest since May 30, after the European Central Bank unveiled unprecedented monetary-stimulus measures that drove the euro toward a 2 1/2-year high.

Government data today may show the U.S. added 215,000 jobs in May, after a private report this week showed companies hired fewer employees last month than forecast. Gold sank 28 percent in 2013 to end a 12-year bull run on expectations the Federal Reserve, which next meets June 17-18, would reduce bond purchases used to fuel growth. The Fed has made four cuts since January as U.S. equity benchmarks rallied to all-time highs.

Gold for August delivery traded at $1,254 an ounce on the Comex in New York, from $1,253.30 yesterday. Bullion��s 60-day historical volatility is at the lowest since April 2013.

Silver for immediate delivery increased 0.2 percent to $19.0809 an ounce. The metal has risen 1.4 percent this week, the biggest such advance since the five days through March 14.

Palladium slid 0.2 percent to $838.48 an ounce. The metal is still set for a fourth weekly gain that��s the longest run since March amid a strike in South Africa and prospects of further sanctions against Russia, the world��s biggest producers.

Platinum decreased 0.2 percent to $1,442.94 an ounce. The metal is poised for a second weekly decline.

Source : Bloomberg

Gold firm after ECB policy easing; all eyes on US jobs report

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Gold held on to sharp overnight gains on Friday and was headed for a weekly rise after two straight declines, after the European Central Bank launched a series of measures to pump money into the sluggish euro zone economy.

Investors refrained from taking big positions in early trading as they were eyeing U.S. nonfarm payrolls report later in the day for a gauge on the world's biggest economy.
   
Spot gold was steady at $1,253.90 an ounce by 08:35 Singapore, after jumping nearly 1 percent on Thursday - its biggest jump in three weeks.

The metal is up 0.2 percent for the week, after having hit a four-month low earlier in the week.

The ECB outlined a four-year 400 billion euro ($544.86 billion) scheme giving banks that have been holding back credit an incentive to increase lending to businesses in the euro zone, and pledged to do more if needed to fight off the risk of Japan-like deflation.
  
The bank also noted that euro zone inflation has been stuck in "the danger zone" below 1 percent since October.

Gold is often seen as a hedge against inflation and a slowing economy.

Source : Reuters

WTI Oil Heads for Second Weekly Decline Before U.S. Payroll Data

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West Texas Intermediate swung between gains and losses as investors await data that may signal the strength of the economy in the U.S., the biggest oil user.

Futures were little changed in New York, poised for a 0.2 percent decline for the week. Payrolls probably increased by 215,000 in May, according to a Bloomberg News survey before Labor Department data today. That compares with a 288,000 gain in April. Brent oil��s premium to WTI rebounded yesterday after narrowing to the smallest gap in seven weeks on June 4.

WTI for July delivery was at $102.46 a barrel, down 2 cents, in electronic trading on the New York Mercantile Exchange at 9:41 a.m. Sydney time. The contract slid 16 cents to $102.48 yesterday. The volume of all futures traded was about 83 percent below the 100-day average.

Brent for July settlement rose 39 cents, or 0.4 percent, to $108.79 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark crude ended the session at a premium of $6.31 to WTI.

Source : Bloomberg

Gold Rally on ECB Stimulus Not Enough to Shake Lackluster Market

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The prospect of unprecedented European stimulus that sent gold prices to the biggest gain in three weeks still wasn��t enough to rescue bullion from the doldrums of sinking volatility.

The European Central Bank became the first major central bank to take one of its main rates negative as President Mario Draghi unveiled historic measures to fight deflation. Gold rose more than 40 percent since the end of 2008 as policy makers printed money at a record pace to boost expansion. Futures gained less than 1 percent today.

Bullion��s 60-day historical volatility is at the lowest since April 2013, and the value of exchange-traded funds backed by gold shrank by $2.6 billion in May, the most this year. The metal��s appeal as a haven diminished as U.S. equities surged and tension between Ukraine and Russia eased. More than $1.1 trillion was added to the value of global stock markets last month.

Gold futures for August delivery rose 0.7 percent to $1,253.30 an ounce at 1:40 p.m. on the Comex in New York, the biggest gain since May 14. Prices climbed 4.2 percent in 2014.

The ECB today cut its deposit rate to minus 0.1 percent. Draghi said the ECB will introduce new, œtargeted offerings of liquidity to banks to encourage them to lend.

Source : Bloomberg

Gold Trades Near Four-Month Low Before ECB Decision, U.S. Data

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Gold held near a four-month low as investors awaited a European Central Bank monetary policy decision and U.S. economic data that may support further reductions to the Federal Reserve��s asset purchases.

Bullion for immediate delivery traded at $1,244.77 an ounce at 1:59 p.m. in Singapore from $1,243.94 yesterday, according to Bloomberg generic pricing. Gold fell to $1,240.73 on June 3, the lowest since Jan. 31. The 14-day relative-strength index since May 29 has been below the level of 30 that suggests to investors who study technical charts that prices may rebound.

Gold slipped 3.3 percent in May, the biggest monthly drop this year, as the euro weakened 1.7 percent versus the dollar on speculation that the ECB will add stimulus when policy makers meet today. Data tomorrow may show the U.S. added more than 200,000 jobs for a fourth month, after a report yesterday that said service industries grew at the fastest pace in nine months in May sent the Standard & Poor��s 500 Index to a record.

Gold for August delivery traded at $1,244.70 an ounce on the Comex in New York from $1,244.30 yesterday. The 60-day historical volatility fell to 12.2, the lowest since April 2013, according to data compiled by Bloomberg.

Silver for immediate delivery rose 0.1 percent to $18.8388 an ounce. Palladium slid 0.4 percent to $833.60 an ounce.

Platinum decreased 0.8 percent to $1,427.25 an ounce. The metal dropped yesterday to a one-month low of $1,418.25 on speculation an 18-week strike in South Africa, the biggest producer, may soon be resolved.

Source : Bloomberg

Yen Rebounds as Stocks Swing Before ECB; Oil Slips With Platinum

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Japan yen rebounded from a one-month low and Asian stocks fluctuated before a European Central Bank monetary-policy announcement. Oil fell and platinum led precious metals lower.

The yen gained 0.2 percent to 102.57 versus the dollar at 11:29 a.m. in Tokyo, while the euro traded near its lowest since February. The MSCI Asia Pacific Index was little changed, while futures on the Standard & Poor��s 500 Index fluctuated after the U.S. gauge closed at a fresh record. Oil in New York lost 0.3 percent and platinum retreated 0.5 percent.

The ECB may become the first major central bank to take rates negative today as President Mario Draghi seeks to ward off deflation after data showed growth in the 18-nation region slowed in the first quarter. U.S. initial jobless claims increased last week and the unemployment rate rose in May, data today and tomorrow will show, after service industries expanded at the fastest pace in nine months in May. A gauge of China��s non-manufacturing sector fell in May, HSBC Holdings Plc said.

Source : Bloomberg

Gold holds near 4-month low as ECB decision awaited

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Gold was little changed near a four-month low on Thursday, but faced a risk of more losses if
the European Central Bank meets expectations to cut rates, a move that could strengthen the dollar and hurt bullion.
   
Spot gold had edged up slightly to $1,244.01 an ounce by 0039 GMT. The metal is close to its 4-month low of  $1,240.61 hit earlier in the week.

The ECB is widely expected to cut all of its interest rates on Thursday, which would push the deposit rate into negative territory for the first time. It is also seen offering longer-term loans linked to further lending, but stop short of following the Bank of Japan in launching large-scale asset purchases.

A weaker euro and a stronger dollar would make the dollar-denominated gold more expensive of holders of other currency.

Markets were also eyeing Friday's U.S. nonfarm payrolls to gauge the strength of the economy. A weak report could burnish gold's appeal as a safe-haven.

In news from other precious metals, South Africa's new mining minister Ngoako Ramatlhodi said he hoped to resolve the strike in the platinum sector this week, and union AMCU was also optimistic the five-month stoppage that has crippled mine output could be nearing an end.

Source : Bloomberg

WTI Crude Declines a Second Day After Discount to Brent Narrows

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West Texas Intermediate oil dropped for a second day. WTI��s discount to Brent in London narrowed to the smallest gap in seven weeks.

Futures fell as much as 0.4 percent in New York. U.S. crude supplies shrank by 3.43 million barrels last week as stockpiles at Cushing, Oklahoma, the delivery point for WTI, slid the 17th time in 18 weeks, the Energy Information Administration said yesterday. Brent crude closed yesterday at the lowest in almost a month as Libyan output continued to increase after protests ended at oil fields in the north-central regions.

WTI for July delivery declined as much as 45 cents to $102.19 a barrel in electronic trading on the New York Mercantile Exchange and was at $102.30 at 9:24 a.m. Sydney time. The contract slid 2 cents to $102.64 yesterday. The volume of all futures traded was about 22 percent below the 100-day average. Prices are up 3.9 percent this year.

Brent for July settlement fell 42 cents, or 0.4 percent, to $108.40 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark crude ended the session at a premium of $5.76 to WTI, the smallest gap since April 15.

Source : Bloomberg

Gold barely budges ahead of U.S. jobs, ECB cues

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Gold prices barely budged on Wednesday, settling with a modest decline as traders looked ahead to monthly U.S. jobs data and the outcome of the European Central Bank meeting for guidance.

Gold for August delivery fell 20 cents to settle at $1,244.30 an ounce on the Comex division of the New York mercantile Exchange, after rising 50 cents on Tuesday, which was the first positive session in seven. July silver rose 3 cents, or 0.2%, to $18.79 an ounce.

Gold had ticked higher immediately after U.S. data Wednesday showed the fewest private-sector jobs added in four months. Employers added 179,000 jobs in May, down from 215,000 in April and below a forecast for 220,000 new jobs.

Source : MarketWatch