Those who want to sell don’t have to rush, Antam’s gold price is cool

Jakarta, Armfalcon.com– Antam’s gold price did not change on Thursday trading (27/4/23), when the global gold price weakened, market players were confused about looking for a “clue” for the precious metal’s movement going forward.

At the LM Graha Dipta Pulo Gadung gold boutique, the price of 1-gram Antam gold remains at Rp. 1,062,000 per stick.

Meanwhile, Antam’s gold buyback or buyback price has also not moved and is set at IDR 956 thousand per gram.

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

At the close of trading on Wednesday (26/4/2023), gold closed at US$ 1,989.48 per troy ounce. The price of the precious metal weakened 0.42%.

Yesterday’s weakening cut off the positive performance of gold which had strengthened in the previous two trading days.

World gold is predicted to experience an increase in sentiment in the foreseeable future, in line with increasing investor concern regarding the US banking crisis.

TD Securities analyst Daniel Ghali explained that the US banking crisis could actually increase the demand for safe assets such as gold. However, despite this, the still firm US corporate earnings data has investors more interested in stocks than gold.

Gold market participants are also waiting for data on US economic growth and interest rate policy that will be taken by the US central bank, The Federal Reserve, next week.

Even though there is a lot of conflicting data, market participants cannot predict the direction of the US central bank because it is currently in a “blackout period”.

The US itself will announce economic growth data for the first quarter of 2023 tonight.

CNBC INDONESIA RESEARCH

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