Antam Gold Owners Are Patient, The Price Can Rise Again My Money – 1 hour ago

Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Thursday (23/11/2023) at the LM Graha Dipta Pulo Gadung gold boutique fell by IDR 2,000 to IDR 1,095,000 per gram.

Meanwhile the buyback price (the price used when selling gold again) also fell slightly by IDR 1,000 to IDR 994,000 per gram.

“The resale price is the same for all denominations and years of production. For buyback transactions, please contact the nearest LM Gold Boutique with service hours on Monday-Friday working days. Payment is made by transfer on H+2 to H+3 (working days) “If the packaging is damaged or lost, a deduction will be charged in accordance with the applicable terms and conditions,” explained the statement on the Antam website.

The following is Antam’s gold price as of Thursday (23/11/2023):

Antam’s gold price weakened in line with falling world gold prices. In trading Wednesday (22/11/2023) the price of gold on the spot market closed down 0.43% at US$ 1,989.72 per troy ounce.

Gold prices fell below the key level of US$2,000 per troy ounce in trading Wednesday as the US dollar rebounded from lows and US Treasury yields pared losses, while expectations that the Federal Reserve (The Fed) would halt interest rate hikes limited declines in bullion prices .

The dollar index strengthened to 103.92 in yesterday’s trading, from 103.56 the previous day.

“The dollar index has strengthened to its highest daily level and that is limiting buying interest in gold,” said Jim Wyckoff, senior analyst at Kitco Metals, quoted fromReuters.

The US dollar index rose 0.3% against its rivals, while US Treasury yields pared losses after strong initial jobless claims data unsettled markets that had expected the Fed to start lowering interest rates around June as the US economy slows.

Lower interest rates usually increase gold prices because they reduce the opportunity cost compared to holding assets that do not provide returns.


[Gambas:Video CNBC]

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