Antam Gold Price IDR 9,000 Discount at the Weekend, Should You Buy It? My Money – 23 hours ago

Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Saturday (9/12/2023) at the LM Graha Dipta Pulo Gadung gold boutique did not move, dropping by IDR 9,000 per gram IDR 1,107,000.

Meanwhile the buyback price (the price used when selling gold again) is at IDR 1,015,000 per gram.

Antam’s gold price is stable even though world gold moved up in yesterday’s trading.

In trading Friday (8/12/2023) the price of gold on the spot market closed down 1.23% at US$2,003.39 per troy ounce. In Wednesday’s trading, gold prices also rose 0.27%.

sir fell back below $2,000 an ounce on Friday as the dollar and Treasury yields strengthened after traders cut speculation a US interest rate cut will materialize in March following stronger-than-expected jobs data.

U.S. job growth accelerated in November while the unemployment rate fell to 3.7%, signaling labor market strength that has traders betting that it will take until May for the Federal Reserve to make the first in a series of rate cuts next year.

“Gold has slumped as the US jobs report showed overall strength,” said Tai Wong, an independent metals trader based in New York.

“Closing at these lows, $150 below Sunday’s all-time high, has changed the narrative of the Fed meeting. Now, gold buyers are hoping for a friendly Fed outcome that will prevent a deeper correction, or even a pullback.”


[Gambas:Video CNBC]

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Down for four days in a row, Antam’s gold price takes a break