Tuesday, June 28, 2011
EMAS dah start pickup (bullish trend)
SINGAPORE, June 29 (Reuters) - Gold edged higher on
Wednesday, as investors are optimistic that Greece's parliament
will approve an austerity plan later in the day, underpinning
sentiment in bullion and other commodities.
FUNDAMENTALS
* Spot gold inched up 0.1 percent to $1,502.36 an
ounce by 0030 GMT, building on gains from the previous session.
COMEX gold GCcv1 gained 0.2 percent to $1,503.50.
* Greece remains in focus, as its parliament is scheduled to
vote on an austerity package demanded by international lenders
as part of a massive bailout later on Wednesday.
* Expectations that the parliament will approve the plan
underpinned the euro to hold steady against the dollar,
supporting sentiment in gold and other commodities.
* The 19-commodity Reuters-Jefferies CRB index rose
1.7 percent on Tuesday, its biggest daily rise in nearly six
weeks.
* Further supporting the euro, European Central Bank
President Jean-Claude Trichet signalled a rate hike at next
monthly meeting.
Sumber: www.kitco.com
Wednesday, as investors are optimistic that Greece's parliament
will approve an austerity plan later in the day, underpinning
sentiment in bullion and other commodities.
FUNDAMENTALS
* Spot gold inched up 0.1 percent to $1,502.36 an
ounce by 0030 GMT, building on gains from the previous session.
COMEX gold GCcv1 gained 0.2 percent to $1,503.50.
* Greece remains in focus, as its parliament is scheduled to
vote on an austerity package demanded by international lenders
as part of a massive bailout later on Wednesday.
* Expectations that the parliament will approve the plan
underpinned the euro to hold steady against the dollar,
supporting sentiment in gold and other commodities.
* The 19-commodity Reuters-Jefferies CRB index rose
1.7 percent on Tuesday, its biggest daily rise in nearly six
weeks.
* Further supporting the euro, European Central Bank
President Jean-Claude Trichet signalled a rate hike at next
monthly meeting.
Sumber: www.kitco.com
Monday, June 13, 2011
Patutlah harga emas turun...rupa2nya pasaran minyak mentah yg lemah
(Kitco News) - Comex gold and silver futures prices finished the day session in New York lower on a sharp sell off in crude oil futures prices. Technically related selling was also featured as both gold and silver prices fell below some key near-term support levels. August gold last traded down $10.20 an ounce at $1,519.00. Spot gold last traded down $13.90 an ounce at $1,518.75. July Comex silver last traded down $01.302 at $30.025 an ounce.
Precious metals prices started the U.S. session under mild to modest selling pressure, but saw losses extended near midday when crude oil prices fell to their daily lows. Crude oil bulls are fading badly amid reports Saudi Arabia will begin pumping more crude oil in July. Weaker U.S. and China economic data recently is a major bearish fundamental that is pressuring the crude oil market. Overall, crude oil prices remain trapped in a wide, sideways trading range, but are now in the bottom portion of that range. Crude oil has been and will continue to be a leader in the raw commodity market sector.
There is some key economic data coming out of China early this week, and that will be closely watched by the market place. More weak Chinese data would be a bearish factor for the commodity markets, including the precious metals.
The U.S. dollar index traded slightly lower Monday. However, the index on Friday did post a bullish weekly high close as the bulls did gain a bit a fresh upside technical momentum, but need to show more power early this week to keep it. A weakening Euro currency as the European Union's debt problems are back on the front burner are pressure the Euro and supporting the U.S. dollar index. Any significant deterioration in the EU sovereign debt situation would be U.S. dollar-bullish. Reports say there is still no final IMF/EU/Greece agreement in place for dealing with Greece's sovereign debt problems.
Utk pembacaan yg lebih lanjut, layari: www.kitco.com
Precious metals prices started the U.S. session under mild to modest selling pressure, but saw losses extended near midday when crude oil prices fell to their daily lows. Crude oil bulls are fading badly amid reports Saudi Arabia will begin pumping more crude oil in July. Weaker U.S. and China economic data recently is a major bearish fundamental that is pressuring the crude oil market. Overall, crude oil prices remain trapped in a wide, sideways trading range, but are now in the bottom portion of that range. Crude oil has been and will continue to be a leader in the raw commodity market sector.
There is some key economic data coming out of China early this week, and that will be closely watched by the market place. More weak Chinese data would be a bearish factor for the commodity markets, including the precious metals.
The U.S. dollar index traded slightly lower Monday. However, the index on Friday did post a bullish weekly high close as the bulls did gain a bit a fresh upside technical momentum, but need to show more power early this week to keep it. A weakening Euro currency as the European Union's debt problems are back on the front burner are pressure the Euro and supporting the U.S. dollar index. Any significant deterioration in the EU sovereign debt situation would be U.S. dollar-bullish. Reports say there is still no final IMF/EU/Greece agreement in place for dealing with Greece's sovereign debt problems.
Utk pembacaan yg lebih lanjut, layari: www.kitco.com
Subscribe to:
Posts (Atom)