Monday, December 9, 2013
Tuesday, December 3, 2013
Berita jalatama : Gold advanced from a five-month low, after the biggest one-day drop since October, as investors assessed whether the U.S. economy is strong enough to warrant a reduction in monetary stimulus.
Bullion for immediate delivery gained as much as 0.4 percent to $1,224.39 an ounce, and traded at $1,223.89 at 9:22 a.m. in Singapore. Prices earlier dropped to $1,217.84, the lowest since July 8, after tumbling 2.7 percent yesterday, the most since Oct. 1.
Gold lost 27 percent this year, touching a 34-month low of $1,180.50 in June, on speculation the Fed will start paring asset purchases that drove a 12th annual advance in 2012 as the economy improves. Data yesterday showed that while U.S. manufacturing unexpectedly accelerated in November at the fastest pace in more than two years, retail spending fell on the weekend after Thanksgiving for the first time since 2009.
Gold for February delivery traded at $1,223.40 an ounce on the Comex in New York from $1,221.90 yesterday, when prices slumped 2.3 percent. Trading volume was 3.5 percent below the average for the past 100 days at this time of day, data compiled by Bloomberg showed.
Monday, December 2, 2013
West Texas Intermediate crude advanced for a second day after data showed manufacturing growth last month exceeded estimates in China, the world’s second-biggest oil consumer.
Futures climbed as much as 0.5 percent in New York. The Purchasing Managers’ Index was 51.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday. That matched the 18-month high reached in October and exceeded 24 out of 26 estimates in a Bloomberg News survey. The Organization of Petroleum Exporting Countries will keep its oil production quota unchanged at 30 million barrels a day when it meets in Vienna on Dec. 4, another survey showed.
WTI for January delivery rose as much as 48 cents to $93.20 a barrel, and was at $93.14 in electronic trading on the New York Mercantile Exchange at 11:40 a.m. Sydney time. The contract gained 42 cents, or 0.5 percent, to $92.72 on Nov. 29. The volume of all futures traded was about 42 percent above the 100-day average. Prices fell 3.8 percent in November.
Brent for January settlement increased as much as 69 cents, or 0.6 percent, to $110.38 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $17.16 to WTI. It ended the session at $16.97 on Nov. 29, narrowing for a second day.(Source: Bloomberg)