Makes you feel heartbroken! Antam Gold Price Falls IDR 29,000 My Money – 1 hour ago

Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Wednesday (8/11/2023) at the LM Graha Dipta Pulo Gadung gold boutique fell by IDR 17,000 to IDR 1,094,000 per gram.

Meanwhile the buyback price (the price used when selling gold again) also fell by IDR 17,000 to IDR 987,000 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 Wednesday (8/11/2023):

Antam’s gold price has dropped due to the influence of world gold. In trading on Tuesday (7/11/2023) the price of gold on the spot market closed down 0.47% at US$ 1968.4 per troy ounce. This means that the precious metal has experienced a decline for two days in a row.

Gold hit a two-week low on Tuesday as a safe-haven rally fueled by tensions in the Middle East weakened and market focus shifted to interest rate cues from Fed officials.

Meanwhile, the price of gold failed to penetrate US$ 2000 again, after market players took actionmaking a profit.

“Gold seems to continue to weaken after failing to penetrate the US$ 2,000 level. This condition triggered action profit

taking. “Moreover, the US dollar is strengthening,” said Michael Hewson, analyst from CMC Markets, quoted fromReuters.

Market players are waiting for information regarding the policies that the Fed will take and become a benchmark for other countries’ central banks to make decisions, including investors. For the record, the Fed held its benchmark interest rate for the second time in early November at the level of 5.25-5.50%.

Investors see a 90% chance the Fed will hold interest rates at its next December meeting, and a 75% chance of cutting rates as early as June next year, according to the CME FedWatch tool.

However, Fed Bank of Minneapolis President Neel Kashkari said the central bank likely has more plans to control inflation.

CNBC INDONESIA RESEARCH

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