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.

* 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
* Further supporting the euro, European Central Bank
President Jean-Claude Trichet signalled a rate hike at next
monthly meeting.

Sumber: www.kitco.com

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