25 June 2014 - Gold gains on Iraq violence, shrugs off bearish U.S. data |
| 25 June 2014 - Gold gains on Iraq violence, shrugs off bearish U.S. data Posted: 25 Jun 2014 03:39 AM PDT Investing.com | Commodities News | Jun 24, 2014 07:30PM GMT Investing.com - Gold futures rose on Tuesday on fears the ongoing Iraqi insurgency will escalate, threaten U.S. recovery by dragging Washington deeper into the crisis and weaken the dollar, which trades inversely from the precious metal. Gold gains on Iraq violence, shrugs off bearish U.S. dataGold gains on escalating Iraqi violence On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,321.60 a troy ounce during U.S. trading, up 0.24%, up from a session low of $1,314.60 and off a high of $1,326.60. The August contract settled up 0.14% at $1,318.40 on Monday. Futures were likely to find support at $1,310.40 a troy ounce, Monday's low, and resistance at $1,331.40, the high from April 14. Reports that Syrian warplanes hit targets in western Iraq earlier Tuesday in an effort to join Iran and support the embattled Baghdad government sent gold prices climbing due to safe-haven demand, as fears began to grow the conflict will increase in duration and complexity, especially if Washington gets more involved. Gold often sees safe-harbor demand among investors worried over geopolitical issues, which eclipsed data seen as bullish for the dollar and bearish for gold. New home sales rose to a six-year high, surging 18.6% in May to an annual rate of 504,000, according to the U.S. Census Bureau. May's figure was the highest level since May 2008 and the largest monthly increase since January 1992. Analysts were expecting new home sales to rise 1.6% to 440,000 units. Elsewhere, the Conference Board reported that its consumer confidence index jumped to 85.2 in June from 82.0 last month. It was the highest reading since January 2008. Analysts were expecting a reading of 83.5. Tuesday's data kept market expectations firm for the Federal Reserve to continue winding down its monthly bond-buying program this year and begin hiking interest rates in 2015. Fed stimulus programs such as monthly bond purchases weaken the dollar by suppressing long-term interest rates, which sends investors to assets like stocks in hopes lower borrowing costs will spur investment and hiring, with gold serving as an attractive hedge to the weaker greenback. Meanwhile, silver for September delivery was up 0.31% at $21.030 a troy ounce, while Copper futures for September delivery were down 0.03% at $3.141 a pound. |
| 25 June 2014 - Harga Emas Kian Berkilau, Ini Pemicunya Posted: 25 Jun 2014 03:33 AM PDT From:http://bisnis.liputan6.com/read/2067394/harga-emas-kian-berkilau-ini-pemicunya Nurseffi Dwi Wahyuni 23 Jun 2014 16:35 Liputan6.com, Jakarta - Harga emas ditutup menguat dan menembus level di atas US$ 1.300 per ounce pada pekan lalu. Hal ini mengindikasikan masih adanya potensi penguatan harga. Menurut Head of Reseach and Analysis Divison PT Monex Investindo Futures Ariston Tjendra, potensi penguatan ke area resisten berikutnya di kisaran US$ 1.335 per ounce. Sementara level US$ 1.306 per ounce menjadi level support penting. "Pergerakan di bawah support ini berpeluang mendorong harga turun ke US$ 1.285 per ounce," jelas Ariston saat dihubungi Liputan6.com, Senin (23/6/2014). Faktor konflik Irak mungkin masih menjadi penguat harga emas. Logikanya konflik Irak mendorong kenaikan harga minyak mentah, yang berpotensi menaikkan inflasi, emas diburu untuk melindungi nilai aset dari inflasi. Penggerak harga emas lainnya yaitu data survei manufaktur China oleh HSBC, data PMI Zona Euro, dan beberapa data ekonomi Amerika Serikat (AS). "Data China terkait dengan potensi permintaan emas, sementara data euro dan AS terkait nilai tukar dolar AS," terangnya. Harga emas sempat menguat ke level US$ 1.321 per ounce pada kamis pekan lalu, penguatan harian terbesar sejak September 2013 sekaligus level tertinggi tujuh minggu. Emas ditutup di level US$ 1.314 per ounce dan mencatatkan kenaikan tiga pekan berturut-turut. "Kenaikan itu dipicu keputusan FOMC meeting yang kurang hawkish, di mana Bank Sentral AS (The Fed) belum secara jelas menetapkan jadwal kenaikan suku bunga," ungkap analis dari Centralfutures.com, Wahyu Tri Laksono. Kini, potensi penguatan ke level US$ 1.330 per ounce masih terbuka jika emas mampu menguat ke atas level US$ 1.322 per ounce. Jika emas bisa lanjut menembus level US$ 1.330 per ounce, maka terbuka potensi untuk mendekati resisten yang berada di level US$ 1.345, US$ 1.360, US$ 1.370, dan US$ 1.387, resistance terkuat berada di US$ 1.400 dan US$ 1.416. Kegagalan menembus level US$ 1.322, lanjut dia, akan berpotensi kepada pengujian support emas. Support terdekat berada di US$ 1.305, US$ 1.300, dan US$ 1.295. Tembusan di bawah level US$ 1.295 akan memicu potensi bearish emas ke level US$ 1.290, US$ 1.282, US$ 1.273, dan US$ 1.258. "Support terkuat berada di US$ 1.240. Tembusan di bawah level US$ 1.240 akan membuka jalan pelemahan ke support jangka menengahnya yang berada di level US$ 1.230, US$ 1.215, US$ 1/200, dan terkuat di US$ 1.180," papar Wahyu. Faktor fundamental yang signifikan dari AS bagi pergerakan harga emas pekan ini adalah rilis data penjualan rumah eksisting di AS yang dirilis Senin, lalu data penjualan rumah baru dan tingkat kepercayaan konsumen AS yang dikeluarkan Selasa besok. Kemudian data produk domestik bruto (PDB) dan data pemesanan barang tahan lalu pada Rabu, laporan klaim pengangguran pada hari berikutnya dan data sentimen konsumen pada Jumat. (Ndw) (Nurseffi Dwi Wahyuni) Source:http://bisnis.liputan6.com/read/2067394/harga-emas-kian-berkilau-ini-pemicunya |
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