Global Gold Record, Antam’s Gold Price Today Is Reckless

Jakarta, Armfalcon.com– Antam’s gold price increased on the third trading day this week (3/5/23), following the fantastic increase in global gold.

At the LM Graha Dipta Pulo Gadung gold boutique, the price of 1-gram Antam gold rose by Rp. 9,000 to Rp. 1,062,000 per stick.

This increase is certainly good news considering that Antam’s gold has fallen by IDR 3,000 in the previous two days.

Meanwhile, the repurchase price or buyback Antam’s gold also increased and was set at IDR 954 thousand per gram, the price increased by IDR. 8,000 from the previous trade.

The price of Antam’s gold that is traded varies in terms of size. For more details, see today’s gold price data.

The increase in Antam’s gold price was largely influenced by soaring world gold prices after increasing investor concern over the latest developments in the United States (US).

At the close of trading on Tuesday (2/5/2023), world gold closed at US$ 2,016.28 per troy ounce. The price of the precious metal soared 1.73%.

Strengthening that high is the biggest in the last month. The previous biggest gain was recorded on April 4, 2023 where gold soared 1.81% a day.

Yesterday’s surge in gold prices could not be separated from the turmoil currently being faced by the US.

There are at least three critical matters currently facing the US economy, namely the banking crisis, the government debt crisis, and the US central bank’s decision by The Federal Reserve (The Fed).

“Concerns about the banking crisis are back again. This condition is likely to be a big consideration for the Fed in deciding its monetary policy,” said Edward Moya, an analyst at OANDA, quoted from Reuters.

With the banking crisis threatening at hand, the market is even now seeing if the Fed will no longer raise interest rates in June.

CNBC INDONESIA RESEARCH

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(mae)