Gold Halts Three-Week Advance on Fed Stimulus Outlook

Posted by jalatama Jumat, 17 Januari 2014 2 komentar


Jalatama news, Gold was set to halt three weeks of gains as speculation that the Federal Reserve will continue reducing monetary stimulus in the U.S. countered signs of increased physical demand.

Bullion for immediate delivery traded at $1,242.23 an ounce by 9:28 a.m. in Singapore from $1,242.39 yesterday, when prices fluctuated at least 0.3 percent before ending little changed. Gold climbed to a one-month high of $1,257 on Jan. 14, on signs of strengthening demand in China, which probably overtook India as the largest user last year.

Gold is 0.5 percent lower this week as U.S. data on retail sales, New York manufacturing and initial jobless claims all beat economists’ estimates, backing the case for less stimulus. Volumes for the benchmark contract on the Shanghai Gold Exchange exceeded 13,000 kilograms every day this week, compared with last year’s daily average of 12,782 kilograms.

Fed policy makers, who next gather on Jan. 28-29, decided to cut monthly asset purchases to $75 billion from $85 billion at their meeting last month, ending gold’s 12-year bull run. Fed Bank of Richmond President Jeffrey Lacker speaks today after his Philadelphia and Dallas counterparts this week called for continued reduction of the central bank’s bond-buying program.
(Source: Bloomberg)
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2 komentar:

Anonim mengatakan...

Gold masih tetap menjadi primadona dan bahan spekulasi Bank Central Amerika meskipun dalam beberapa hari belakangan terjadi penurunan harga. Hal ini terlihat dari peningkatan penjualan gold antara tahun ini dengan tahun lalu yang cukup signifikan. (Eka Cahyadimulya)

Unknown mengatakan...

31 Januari, hari raya Imlek. Bulan lalu dalam menyambut Imlek penjualan emas meningkat wajar, menurut tradisi membeli emas khususnya perhiasan dalam menyambut Imlek hal yang biasa, ini salah satu hal yang harus diperhitungkan untuk analisa pasar.

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