Gold Trades Near Four-Month Low After Fed Reserve Signals Taper

 

Gold traded near the lowest level in more than four months after the U.S. Federal Reserve signaled that policy makers may reduce monthly bond purchases in the coming months and investment holdings contracted.

Bullion for immediate delivery fell 0.2 percent and gained 0.4 percent, before trading $4 higher at $1,248.89 an ounce at 9:03 a.m. in Singapore. Prices lost as much as 2.7 percent to $1,241.13 yesterday, the lowest since July 9. Gold for December delivery dropped 0.9 percent to $1,246.80 an ounce on the Comex.

Prices slumped 25 percent this year, heading for the first annual loss since 2000, amid expectations that the Fed will trim its $85 billion in monthly asset purchases as growth picks up. Policy makers expected data would signal further improvement in the labor market and “thus warrant trimming the pace of purchases in coming months,” according to minutes of the Fed’s October meeting released yesterday.

U.S. retail sales advanced 0.4 percent in October, the Commerce Department said yesterday, while sales of previously-owned U.S. homes fell 3.2 percent in October to a 5.12 million annual rate, the fewest since June.

(Source: Bloomberg)

 

Masyarakat Masih Andalkan Emas untuk Investasi

Penulis : Estu Suryowati Jumat, 15 November 2013 | 20:46 WIB

JAKARTA, KOMPAS.com – Emas. Masyarakat Indonesia sudah tsangat familiar dengan logam mulia satu ini. Itulah sebabnya, di beberapa pialang investasi emas menjadi komoditas yang memiliki volume transaksi tertinggi.

Padahal, dalam perdagangan bursa komoditas (PBK) dan bursa berjangka, Indonesia memiliki banyak produk nonfinansial yang menyimpan peluang menarik, karena banyak pelaku bisnis yang membutuhkan, seperti olein, cacao, dan timah.

Adalah PT Jalatama Artha Berjangka (JAB), salah satu pialang yang terdaftar resmi di Bursa Berjangka Jakarta (BBJ), yang memiliki volume perdagangan emas cukup tinggi. Direktur Utama JAB Jacob Ongkowidjojo ditemui Kompas.com, Jumat (14/11/2013) menuturkan, hal itu dikarenakan komoditas tersebut diperdagangkan dalam dua sistem, bilateral dan multilateral.

“Masyarakat juga lebih familiar dengan emas,” ujar Jacoeb.

Saat ini di BBJ, emas diperdagangkan dengan satuan 1 kilogram per lot, 250 gram per lot, dan 100 gram per lot. Dengan satuan seberat ini, emas menduduki peringkat teratas sistem perdagangan bilateral, dengan penawaran kontrak Loco London Gold (Loco).

Menyusul emas, dalam sistem perdagangan bilateral ada kontrak Forex (foreign exchange) atau valuta asing dan Index Saham (stock index) yang bergantian saling mendominasi. Menurut Jacoeb, kondisi itu lantaran keduanya sangat terpengaruh faktor riil. Ketika saham sangat bergejolak, pasar bermain ke Forex, bursa yang bergerak.

“Emas relatif konstan di posisi teratas karena dia punya karakteristik sendiri sebagai objek investasi,” imbuh Jacoeb.

Sementara itu, sistem perdagangan multilateral di JAB didominasi komoditas olein, produk turunan crude palm oil (CPO). Jacoeb mengungkapkan kenapa emas tidak terlalu besar dalam perdagangan multilateral dikarenakan satuan emas yang besar, sehingga tidak bisa dipasarkan secara retail. Emas justru menduduki peringkat kedua, disusul cacao, dalam perdagangan multilateral.

Diakui Jacoeb, perdagangan multilateral baru mengambil porsi 10 persen dari keseluruhan rata-rata transaksi per bulan yang mencapai 15.000 lot. Untuk meningkatkan volume transaksi perdagangan emas tersebut, JAB bersama BBJ saat ini tengah menyusun spesifikasi yang lebih kecil untuk komoditas emas, yang terdiri dari 5 gram per lot, 10 gram per lot, dan 25 gram per lot.

“Sebagai pialang dan pemegang saham (BBJ), multilateral diusahakan bisa menyeimbangi bilateral. Membuat produk yang lebih marketable, dan mendiversifikasi produk sehingga menjangkau pasar yang lebih luas,” ujarnya.

Editor : Wisnubrata 

 

Sumber : http://bisniskeuangan.kompas.com/read/2013/11/15/2046016/Masyarakat.Masih.Andalkan.Emas.untuk.Investasi

WTI Near Five-Month Low as Stimulus Outlook Counters Supply Drop

West Texas Intermediate oil was little changed near the lowest level in more than five months amid speculation that the U.S. will taper economic stimulus countered a projection of falling crude supplies.

Futures swung between gains and losses in New York after declining 0.9 percent yesterday, the most in almost a week. The Federal Reserve Bank of New York President William C. Dudley pointed to payrolls growth as a positive sign for the economy, raising the prospect the central bank will scale back bond purchases. An Energy Information Administration report tomorrow will probably show crude stockpiles declined for the first time in nine weeks, according to a Bloomberg News survey of analysts.

WTI for December delivery was at $93 a barrel in electronic trading on the New York Mercantile Exchange, down 3 cents, at 11:23 a.m. Sydney time. The contract decreased 81 cents to $93.03 yesterday to the lowest level since May 31. The volume of all futures traded was about 84 percent below the 100-day average. Prices are up 1.3 percent this year.

Brent for January settlement declined 3 cents to $108.47 a barrel on the London-based ICE Futures Europe exchange yesterday. The front-month European benchmark crude ended the session at a premium of $14.79 to WTI futures, the widest spread based on closing prices since March 21.

The policy-setting Federal Open Market Committee is buying $85 billion of bonds every month to spur growth and has said it plans to slow the purchases when the economy improves.

(Source: Bloomberg)