Jakarta, CNBC Indonesia – The price for Precious Metals gold produced by PT Aneka Tambang Tbk on Friday (25/8/2023) at the LM Graha Dipta Pulo Gadung gold boutique remained at IDR 1,069,000 per gram.
While the price buyback (the price used when selling gold again) was stable at IDR 949,000 per gram.
Even though it has been stagnant in today’s trading, Antam’s gold price has strengthened by IDR 12,000 for five trading days.
“The resale price is the same for all fractions and the year of production. For buyback transactions, please contact the nearest LM Gold Boutique with service hours on Monday-Friday weekdays. Payments are made by transfer on H+2 to H+3 (weekdays) “If the packaging is damaged or lost, it will be deducted according to the terms and conditions that apply,” explained the statement on Antam’s website.
The following is Antam’s gold price as of Friday (25/8/2023):
Antam’s gold price was stable in today’s trading because the movement of world gold only strengthened slightly. During trading Thursday (24/8/2023) it closed at US$ 1,917.44 per troy ounce. The price strengthened 0.16%
Analyst from High Ridge Futures, David Meger, said market players have finally given up and expect the Fed to remain hawkish going forward.
Meger explained that Powell will most likely reiterate the importance of fighting inflation or in other words raising interest rates going forward.
The US reported that the number of employees filing unemployment claims fell by 10,000 to 230,000 in the week ending August 19, 2023.
This data is lower than market expectations, namely 240 thousand. The decline in jobless claims shows that the US labor market is still hot so that inflation is still threatened to rise. The Fed will also have difficulty switching todovish.
CNBC INDONESIA RESEARCH
Soaring High, Antam’s Gold Price Is Increasingly Difficult to Buy