PT Rifan Financindo Berjangka – Gold Holds Five-Day Drop as Rate-Cuts Bets Get Less Aggressive
Gold was steady – after five days of declines – as comments from Federal Reserve policymakers added to signs US rate cuts won’t be as aggressive as previously thought.
Bullion traded near $2,620 an ounce, after closing down 0.8% on Tuesday as markets priced in a more gradual pace of easing this year and into early 2025. Swaps markets now point to about 50 basis points of cuts this year, down from 75 basis points about two weeks ago.
Fed Bank of Boston President Susan Collins emphasized on Tuesday that monetary easing should be careful and data-based. Her Atlanta counterpart Raphael Bostic said while risks to inflation have come down, threats to the labor market have risen, though the economy is still strong. Traders will be watching minutes of the Fed’s latest meeting and US inflation data due later this week for further clues on the rate path.
The precious metal has surged by more than a quarter this year, hitting successive record highs, on rate-cut optimism, as well as strong central bank purchases and heightened geopolitical tension. Fears that hostilities in the Middle East could morph into a full-blown regional war appear to have eased in recent days, possibly reducing some haven demand, while gold has also come under pressure due to a rallying dollar.
Spot gold was steady at $2,622.73 an ounce as of 8:19 a.m. in Singapore, near the all-time high of $2,685.58 hit in September. The Bloomberg Dollar Spot Index was flat after a run of seven daily gains. Silver, platinum and palladium all edged higher.
Source : Bloomberg
Emas Menuju Penurunan Terbesar dalam Lebih dari Sebulan
Harga emas turun lebih dari 1% pada hari Selasa (8/10) dan berada di jalur penurunan terbesarnya berdasarkan persentase dalam 1-1/2 bulan karena data ketenagakerjaan AS baru-baru ini menurunkan ekspektasi untuk pemangkasan suku bunga yang lebih besar, sementara pasar menunggu risalah rapat kebijakan terbaru Federal Reserve AS untuk sinyal baru.
Harga emas spot turun 1,1% menjadi $2.614,49 per ons pada pukul 1:59 p.m. ET (1759 GMT), turun untuk sesi kelima berturut-turut dan bergerak menjauh dari rekor puncak 26 September di $2.685,42.
Harga emas berjangka AS ditutup 1,1% lebih rendah pada $2.635,40.
Menurut alat CME FedWatch, pasar memperkirakan penurunan 50 basis poin pada rapat The Fed bulan November setelah laporan pekerjaan yang kuat minggu lalu. Mereka kini melihat peluang 87% untuk pemangkasan 25 bps.
Pasar fokus pada risalah rapat kebijakan terbaru Fed, yang akan dirilis pada hari Rabu, diikuti oleh data Indeks Harga Konsumen AS pada hari Kamis dan data Indeks Harga Produsen pada hari Jumat.
Emas terkenal karena stabilitasnya sebagai aset lindung nilai yang disukai terhadap risiko geopolitik dan ekonomi.
Dana yang diperdagangkan di bursa emas yang didukung secara fisik secara global mencatat arus masuk selama lima bulan berturut-turut pada bulan September karena dana yang terdaftar di Amerika Utara menambah kepemilikan mereka, kata World Gold Council pada hari Selasa.
Perak spot turun 4,3% menjadi $30,36 per ons, level terendah dalam hampir tiga minggu. Platinum turun 1,9% menjadi $953,04 dan paladium turun 1,1% menjadi $1.013,25. (Arl) PT Rifan Financindo Berjangka.
Sumber : Reuters