Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Friday (3/11/2023) at the LM Graha Dipta Pulo Gadung gold boutique rose slightly by IDR 3,000 to IDR 1,126,000 per gram.

Meanwhile the buyback price (the price used when selling gold again) also increased by IDR 3,000 to IDR 1,018,000 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 Friday (3/11/2023):

Antam’s gold price strengthened in line with world gold which closed at US$ 1,985.51 per troy ounce. The price rose 0.17% in trading Thursday (2/11/2023).

Analyst from RJO Futures, Bob Haberkorn, explained that gold prices strengthened yesterday, supported by United States (US) employment data. The increase was also supported by the weakening of the US dollar and US Treasury yields.

Meanwhile, the yield on the 10-year US Treasury continued to decline to 4.66% on Thursday. This position is the lowest since October 13 2023 or the last 13 trading days.

US Treasury yields jumped to 5% at the end of October, which was the highest record in the last 16 years. At the same time, the dollar index also fell to 106.14 yesterday, from 106.88 the previous day.

US Treasury yields and the dollar index also fell as market players became increasingly optimistic that the Fed would soon end the high interest cycle.

CNBC INDONESIA RESEARCH

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