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Wednesday, April 2, 2014

Rupiah weakened to Rp11.310/dolar , Exchange rose 7.11 points to 4,877 , the gold price rose

 Rupiah weakened to Rp11.310/dolar , Exchange rose 7.11 points to 4,877 , the gold price rose

The rupiah traded among banks in Jakarta on Thursday morning moved lower by 15 points to Rp11.310 compared to the previous position in Rp11.295 per
U.S. dollars .

 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Thursday opened up 7.11 points, or 0.15 percent, to 4877.32 .

While the index of 45 leading shares ( LQ45 ) rose 1.85 points ( 0.22 percent ) to a level of 825.87 .

 Gold futures on the COMEX division of the New York Mercantile Exchange closed up on Wednesday (Thursday morning GMT ) , snapped a five -session losing streak as traders place their bets ahead of monthly U.S. jobs report at the weekend .

The most active gold contract for June delivery rose 10.8 U.S. dollars , or 0.84 percent, to settle at 1290.8 dollars per ounce , Xinhua reported .

Gold is expected to rise after falling for five consecutive sessions , some market analysts say , because geopolitical risk remains high and tensions between Russia and the West are still far from resolved .

However , others believe that the gold market has not fully digested comments by Federal Reserve Chairman Janet Yellen U.S. on Monday that the Fed will continue to stimulate the economy until the unemployment rate fell strong and many workers are employed permanently , not just a part-time job .

The gold market is usually a panic trade shows around the U.S. monthly jobs report officially to be released on Friday ( 4/4 ) .

Meanwhile , the market is waiting to see if the European Central Bank will cut interest rates or introduce strong asset purchases at its meeting Thursday in an attempt to prevent deflation , according to the report .

Silver for May delivery rose 36.2 cents, or 1.84 per cent to close at 20.050 dollars per ounce .

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