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5 September 2014 - Harga Emas Naik Ditopang Aksi Short Covering

5 September 2014 - Harga Emas Naik Ditopang Aksi Short Covering


5 September 2014 - Harga Emas Naik Ditopang Aksi Short Covering

Posted: 05 Sep 2014 02:48 AM PDT

From:http://bisnis.liputan6.com/read/2100663/harga-emas-naik-ditopang-aksi-short-covering

Liputan6.com, Jakarta - Emas berjangka di divisi COMEX New York Mercantile Exchange naik pada Rabu, karena segi teknis menyebabkan short-covering (pembelian kembali emas yang sudah dijual) setelah harga turun ke level terendah dalam 11 pekan.


Dilansir dari Xinhua, Kamis (4/9/2014), kontrak emas yang paling aktif untuk pengiriman Desember naik US$ 5,3 atau 0,42 persen menjadi US$ 1.270,3 per ounce.


Harga emas berjangka dibuka lebih tinggi karena Presiden Rusia Vladimir Putin mengatakan ia bisa mencapai kesepakatan untuk mengakhiri pertempuran di Ukraina dalam waktu seminggu, namun Ukraina menolak pernyataan itu.


Beberapa analis mengatakan, data pekerjaan AS yang dirilis Jumat kemungkinan positif, yang dalam kombinasi dengan kurangnya permintaan fisik untuk emas, bisa memicu penurunan dalam harga logam mulia.


Faktor lain yang memangkas harga emas adalah sebuah laporan yang dirilis oleh Departemen Perdagangan AS yang menunjukkan pesanan baru untuk barang-barang manufaktur naik 10,5 persen karena permintaan untuk peralatan transportasi meningkat.


Departemen ini juga merevisi angka bulan Juni menunjukkan kenaikan 1,5 persen, bukan kenaikan 1,1 persen yang dilaporkan sebelumnya.


Harga perak untuk pengiriman Desember naik US$ 3,7 sen atau 0,19 persen menjadi US$ 19,189 per ounce. Platinum untuk pengiriman Oktober naik US$ 3,6 atau 0,26 persen menjadi US$ 1.412,5 per ounce.(Ndw)

Source:http://bisnis.liputan6.com/read/2100663/harga-emas-naik-ditopang-aksi-short-covering

5 September 2014 - Gold monetisation scheme aims to treat gold as currency in India

Posted: 05 Sep 2014 02:44 AM PDT

From:http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=252258&sn=Detail

Author: Shivom Seth


MUMBAI (MINEWEB) -


Gold should be treated as a currency, according to India's top gold refiner, MMTC-Pamp. The organisation is working on a gold metal account scheme that would help small retail gold consumers deposit their gold, melt and earn interest on it.


In a move aimed at mitigating the meagre gold supply situation across the country, which has led to a high current account deficit (CAD) and leading to high imports, the organisation has proposed a Gold Monetisation Scheme (GMS).


The scheme will ensure that gold deposits will be treated just as currency deposited in a bank and earn interest.


Explaining the gold scheme in Mumbai, Rajesh Khosla, Managing Director, MMTC-Pamp said the gold monetisation scheme would treat gold like currency.


He said it could also be looked at as a solution to get some of the 20,000 tonnes of gold lying idle with the local population.


Just as one has a savings deposit account, one can have a metal savings account which could even be in the form of a fixed deposit, at different rates of interest given by the bank. The interest earned on the gold would be tax free, so it is a big advantage, said Khosla.


Under GMS, a minimum deposit of 40 grams of gold needs to be made in the same bank in which the consumer has his savings deposit. At the end of the term of the deposit, the depositor would get his gold back plus a little extra as interest.


For the banks too GMS would prove to be a win win situation, as they can keep the gold as their portion of the statutory reserves, as required by India's apex bank.


Refiners closing shop


MMTC-Pamp is a joint venture between Pamp SA Switzerland and India's MMTC, and had refined 45 tonnes of gold last year.


In May 2014, MMTC-Pamp became India's first internationally accredited refinery, being only one of 70 globally with a capacity of up to 150 tonnes.

Khosla added that with the international accreditation from the London Bullion Market Association, India is now looked upon as more secure place, as lot of accredited refineries are shutting down in the western world.


MMTC-Pamp is also looking to refine 80 tonnes of gold this fiscal, up by 78% from the last fiscal, as global miners are keen to supply raw materials after the Indian gold refiner received international accreditation.


There are around 250 approved hallmarking outfits in India. MMTC-Pamp is working on advanced software for the scheme which would be ready by October, Khosla said.


"We are targeting to refine 80 tonnes of gold this year,'' Khosla said, adding that the scheme envisaged by the company would ensure that the gap between the supply and demand of gold, which is roughly 250 tonnes, would come of use to jewellers.


"Even if 10% of this idle gold is brought out in the open, it is more than enough to meet domestic demand,'' he told media men, adding that it would go a long way in helping the country meet its `insatiable appetite' for gold.


Khosla was speaking on the sidelines of a conference to announce the forthcoming India International Gold Convention to be held between September 12 and 14. The convention would discuss effective gold monetisation schemes.


India has the biggest resource of gold above ground in the world at around 25,000 tonnes. "This is in households and even if we to get a fraction, we can address the shortfall of 1%, because the annual requirement is around 900 tonnes and the economy can afford to import around 700 tonnes. The balance will be easily bridged by any effective scheme,'' he said.


A gold savings account needed to be treated as a rupee savings account, which would earn interest and be as easy to manage.


"This scheme is even expected to address 90% of the demand, from gold consumers in India who do not possess more than 500 grams of gold. When the deposit matures, the interest is paid not in rupees but in gold, and the investor would get more gold in the account,'' he added.


He added that India's apex bank, the Reserve Bank of India too is convinced that this is the way forward, although its contention has always been to ensure the purity of the gold for the consumer.


He said the company aims to utilise its entire installed capacity of 150 tonnes of gold by next year.


As far as silver is concerned, Khosla said the company targets to refine 100 tonnes this year, as against 25 tonnes in 2013-14. It would utilise 75% of its total silver refining capacity of 600 tonnes by next year.


Speaking on the ocassion, Srivatsava G, president, Foretell Business Solutions said that all the reforms in India, like the Gold Control Act 2003, and the 2007 Gold ETFs etc that the government undertook from 1991-93 to bring down the premium on gold from 45% to just 0.7% by 2008-09, has practically been nullified by the 10% duty slapped on gold imports and the 80:20 scheme. It has also revived smuggling which has touched an estimated 200 tonnes, he added.

Source:http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=252258&sn=Detail

5 September 2014 - Gold gains modestly on physical buying

Posted: 05 Sep 2014 02:41 AM PDT

From:http://www.bdlive.co.za/markets/2014/09/04/gold-gains-modestly-on-physical-buying

BY A ANANTHALAKSHMI


SINGAPORE — Gold inched up on Thursday on technical and physical buying interest in Asia, but prices continued to hover near a two-and-a-half-month low as brighter prospects for the US economy and the dollar dimmed the metal's appeal.


Investors were waiting for a European Central Bank (ECB) meeting later in the day to see whether it will deliver a fresh round of policy stimulus, and its effect on the euro and the dollar.


Spot gold rose 0.3% to $1,272.56/oz by 3.34am GMT. The metal fell to a low of $1,261.19 on Wednesday, its weakest since mid-June, before closing with a small gain.


"There is some technical buying after gold prices failed to retain losses below $1,265," said a precious metals trader in Hong Kong. "We can see some fresh buying interest in the $1,260-$1,270 range. Physical buying from Asia is also supporting."


Gold, seen as an alternative investment during times of geopolitical and financial uncertainty, has gained about 5% this year amid tension in Ukraine and the Middle East.


But bullion investors continue to worry over strong US economic data and its effect on the dollar. In recent days, a string of encouraging US economic data, along with a sell-off in the euro and the yen, has boosted the dollar. A stronger greenback hurts dollar-denominated gold as it makes the metal more expensive for holders of other currencies.


SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a good measure of investor sentiment, said its holdings fell 2.69 tonnes to 790.51 tonnes on Wednesday.


US nonfarm payrolls data due on Friday will be closely watched for further clues about the economy and the outlook for the Federal Reserve's monetary stimulus.


On Thursday, all eyes will be on the ECB policy meeting. The ECB is under strong pressure to tackle stubbornly low inflation at a time when the conflict in Ukraine threatens to destabilise the region's fragile recovery.


The euro on Wednesday recovered modestly from one-year lows against the dollar, but traders said euro bears were just taking a breather ahead of the ECB meeting. Any further weakening of the euro would hurt gold.


"The ECB meeting is more likely to be gold-bearish than gold-bullish," HSBC analysts said in a note. "Gold is likely to be more influenced by US unemployment data due at the end of the week and the general direction of the dollar."


Among other precious metals, platinum and palladium — used in car manufacturing — gained as US August car sales were the highest for that month in more than a decade.

Source:http://www.bdlive.co.za/markets/2014/09/04/gold-gains-modestly-on-physical-buying

5 September 2014 - 停战谈判后 黄金还能不能上涨?

Posted: 05 Sep 2014 02:37 AM PDT

From:http://gold.hexun.com/2014-09-04/168200243.html

智通财经9月4日讯:


在今早的亚洲黄金交易中,尽管俄罗斯与乌克兰可能最快在周五内达成停火协议,黄金的交易价格依然上升。


前晚发布的新闻出现了互相矛盾的头条-最初达成的停战协议很快就被否认。市场对于这些互相矛盾的消息作出的第一反应是-放售。黄金价格很快下跌到每盎司1261美元,一天结束之后,黄金收每盎司1269.40美元,金属最近的报价为每盎司1272.60美元。


最新消息表明,俄罗斯总统弗拉基米尔·普京明确表示他希望可以在周五前与亲俄武装分子和乌克兰军方达成协议,美国总统奥巴马对此计划表示质疑。


奥巴马在爱沙尼亚的北约首脑会议上表示,他也知道普京的声明消息,但是他认为要让三方达成共识,现在仍言之过早。


奥巴马称,直到现在,仍没有有效措施来促进停战协议的达成,原因有两个,一是俄罗斯其实根本不愿意达成停火协议,二是俄罗斯在假装自己仍未能控制乌克兰东部的分裂份子。


今天市场所关注的重点也会出现在准备举行的欧洲央行会议之中;市场将特别关注德拉吉(欧洲中央银行行长)是否设法实现资产购买计划,包括一些国家所期望的物资ABS。


在货币方面,由于俄罗斯与乌克兰的停战消息,欧元占据上风,欧元兑美元报1.3147。然而,欧元占据上风是不稳定的,由于欧洲央行会议将于明天召天,更多刺激经济的措施将会公布。


菲利蒲期货的投资分析师侯伟·李欧表示,欧洲央行今晚公布的消息可能会对未来黄金价格走向产生重大影响。如果市场一直期待的欧洲央行实施更多量化宽松措施是正确的,那么美元将更加强势,从而带动股市市场,黄金的价格也可能会翻滚上升。


在其它贵金属方面,银价格保持平稳,报每盎司19.20美元;由于停火的协议可以减轻俄罗斯钯市场的供给压力,钯市场出现了抛售。


钯最近报价为875美元,比昨天上涨了3美元而昨天下跌了9美元。钯最近报价为每盎司1410美元,比星期三的收盘价1411美元下跌1美元。

Source:http://gold.hexun.com/2014-09-04/168200243.html

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