Gold Tumble Most in a Week as Dollar, Equities Gains Curb Demand

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Gold declined by the most in a week as a European Central Bank plan to expand the scope of its stimulus program helped boost the dollar and global equities, reducing demand for the metal as an alternative asset.

U.S. and European stock markets rallied and the euro fell to a two-week low after ECB President Mario Draghi signaled that policy makers are able to increase stimulus to counter the risk of slower growth. The Bloomberg Dollar Spot Index rose to the highest since Aug. 12.

Gold futures for December delivery declined 0.8 percent to settle at $1,124.50 an ounce at 1:42 p.m. on the Comex in New York, the biggest drop since Aug. 26. Prices slipped 0.5 percent yesterday.

Holdings in exchange-traded products backed by gold fell 0.9 metric ton to 1,520.5 tons as of Wednesday, according to data compiled by Bloomberg. Assets are near the lowest since 2009.

Silver futures for December delivery added 0.3 percent to $14.707 an ounce on the Comex.

Source: Bloomberg

Gold Falls Most in a Week as Dollar, Equities Gains Curb Demand

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Gold headed for the biggest decline in a week as a European Central Bank plan to expand the scope of its stimulus program helped boost the dollar and global equities, reducing demand for the metal as an alternative asset.

U.S. and European stock markets rallied and the euro fell to a two-week low after ECB President Mario Draghi signaled that policy makers are able to increase stimulus to counter the risk of slower growth. The Bloomberg Dollar Spot Index rose to the highest since Aug. 12.

Gold in August posted the first monthly increase since May as a retreat in equities and an unexpected devaluation in China’s yuan boosted the metal’s appeal as a haven. Bullion is giving back some of that gain as an improving U.S. economy boosts prospects for the Federal Reserve to tighten monetary policy, which curbs the appeal of gold because it doesn’t pay interest. Economists surveyed by Bloomberg expect a government report Friday to show the U.S. added more than 200,000 jobs for a fourth straight month in August.

Gold futures for December delivery declined 0.8 percent to $1,124.40 an ounce at 10:56 a.m. on the Comex in New York, heading for the biggest drop since Aug. 26. Prices slipped 0.5 percent yesterday.

Holdings in exchange-traded products backed by gold fell 0.9 metric ton to 1,520.5 tons as of Wednesday, according to data compiled by Bloomberg. Assets are near the lowest since 2009.

Silver futures for December delivery lost 0.1 percent to $14.655 an ounce on the Comex.

Source: Bloomberg

Bursa Saham Jepang Menguat Jelang Rilis Data Payroll AS

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Saham Jepang naik, memangkas rentetan pelemahan mingguan terpanjangnya pada indeks Topix sejak Februari 2014, karena investor menunggu rilis laporan pekerjaan AS guna memberikan petunjuk terakhir megenai keadaaan ekonomi terbesar dunia teersebut sebelum Federal Reserve melakukan pertemuan selanjutnya.

Topix naik 0,5% menjadi 1,482.38 pada 09:01 pagi di Tokyo, menuju untuk penurunan 4,4 pekan ini, yang merupakan penurunan mingguan keempat secara beruntun. Dengan lima dari 33 sub industri naik. Indeks Nikkei 225 Stock Average naik 0,5% menjadi 18,276.16.

Indeks berjangka Standard & Poor 500 naik 0,1% setelah Indeks inti naik 0,1% kemarin. Pasar AS ditutup pada Senin untuk liburan. Indeks Stoxx Europe 600 menguat 2,4% setelah Presiden Mario Draghi mengatakan ECB akan memperluas ruang lingkup stimulus moneter di tengah tanda-tanda perlambatan di wilayah tersebut.

Sementara di AS laporan nonfarm payrolls untuk Agustus merupakan data utama terakhir yang menjadi dasar pertemuan The Fed pada 16-17 September untuk membahas waktu kenaikan pertama suku bunga acuannya. Laporan kemarin menunjukkan klaim pengangguran AS naik lebih dari perkiraan pekan lalu, sementara Indeks industri jasa melayang tepat di bawah level tertinggi 10-tahun.(yds)

Sumber: Bloomberg

Saham Asia Terdongkrak Jelang Rilis Laporan Pekerjaan AS

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Saham Asia menguat jelang rilis laporan pekerjaan bulanan AS pasca Bank Sentral Eropa (ECB) memberi sinyal akan memperpanjang stimulus jika gejolak di pasar financial terus berlanjut yang membebani pertumbuhan ekonomi dan laju inflasi.

Indeks MSCI Asia Pasific naik sebesar 0.3 persen ke level 126.54 pukul 09:01 di Tokyo, indeks anjlok sebesar 3.5 persen pekan ini, di jalur penurunan mingguan beruntun dalam empat tahun terakhir. Indeks telah terkoreksi selama tujuh pekan dan turun hampir sebesar 20 persen dari level tertingginya pada bulan April lalu.

Saham AS kemarin pangkas keuntungan pada perdagangan sesi siang di New York seiring optimisme stimulus Eropa berganti menjadi kecemasan atas laporan pekerjaan yang akan dirilis hari ini dan implikasinya pada kebijakan suku bunga Federal Reserve.

Pedagang berjangka berspekulasi bahwa The Fed akan segara menaikkan suku bunga. Probabilitas peningkatan suku pada bulan September ini telah jatuh menjadi 30 persen, dari 38 persen pada akhir pekan lalu, menurut data yang dihimpun oleh Bloomberg.

Indeks Topix Jepang naik sebesar 0,5 persen. Indeks Kospi Korea Selatan melonjak sebesar 0,3 persen dan Indeks S&P/ASX 200 Australia menguat  0,2 persen. Indeks NZX 50 Selandia Baru tergelincir 0,2 persen.

Pasar di Hong Kong kembali dibuka pasca liburan, sementara pasar finansial China tetap ditutup.

Indeks Stoxx Europe 600 naik sebesar 2,4 persen, karena investor mengambil jaminan dukungan bank sentral pasca volatilitas China meningkat tajam dari bulan lalu. Indeks Standard & Poor 500 menguat 0,1 persen di New York, setelah sempat terkoreksi lebih dari 1 persen. (izr)

Sumber: Bloomberg

Gold Tumble Most in a Week as Dollar, Equities Gains Curb Demand

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U.S. stocks closed little changed erasing a rally of nearly 200 points for the Dow Jones Industrial Average, as optimism over European Central Bank stimulus faded before the government’s monthly job report

The Standard & Poor’s 500 Index rose 0.1 percent to 1,951.09 at 4:03 p.m. in New York, after rising as much as 1.3 percent.

ECB President Mario Draghi earlier unveiled a revamp of quantitative easing to allow for more purchases of each euro member’s debt as the weaker global outlook prompted a wholesale reduction of officials’ economic forecasts through 2017. Draghi said the emerging-market rout threatened global expansion and that consumer prices may barely grow this year.

Source : Bloomberg