Jakarta, CNBC Indonesia – The price of Precious Metal gold produced by PT Aneka Tambang Tbk on Friday (10/5/2024) at the LM Graha Dipta Pulo Gadung gold boutique was recorded at IDR 1,357,000, down slightly by IDR 1,000 per gram.
Likewise with prices buyback (the price used when reselling gold) is at IDR 1,249,000 per gram.
Antam's gold price weakened when world gold prices experienced a decline.
According to Refinitiv data, the world gold price at the close of trading on Tuesday (21/5/2024) was recorded at US$2,421.64 per troy ounce, down 0.14% compared to the previous position.
Ahead of the FOMC minutes, several Fed officials will deliver statements which are considered to be a clue for the market to guess the direction of the central bank's monetary policy.
Fed Governor Christopher Waller told the Peterson Institute for International Economics. in Washington said, “in the absence of significant weakness in the labor market, I need to see several more months of good inflation data before I can support easing monetary policy.”
said But he also curbed speculation that interest rates might need to rise again for demand to weaken enough to reduce further price pressures, saying that the latest inflation data was “reassuring” and the probability of a rate hike was “very low.”
“We just don't want to go down. That's the critical thing,” Waller said. “Right now we don't see any indication that staying here for three or four months is going to cause the economy to suffer.”
CNBC Indonesia Research
Jakarta, CNBC Indonesia – The price of Precious Metal gold produced by PT Aneka Tambang Tbk on Friday (10/5/2024) at the LM Graha Dipta Pulo Gadung gold boutique was recorded at IDR 1,357,000, down slightly by IDR 1,000 per gram.
Likewise with prices buyback (the price used when reselling gold) is at IDR 1,249,000 per gram.
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Antam's gold price weakened when world gold prices experienced a decline.
According to Refinitiv data, the world gold price at the close of trading on Tuesday (21/5/2024) was recorded at US$2,421.64 per troy ounce, down 0.14% compared to the previous position.
Ahead of the FOMC minutes, several Fed officials will deliver statements which are considered to be a clue for the market to guess the direction of the central bank's monetary policy.
Fed Governor Christopher Waller told the Peterson Institute for International Economics. in Washington said, “in the absence of significant weakness in the labor market, I need to see several more months of good inflation data before I can support easing monetary policy.”
said But he also curbed speculation that interest rates might need to rise again for demand to weaken enough to reduce further price pressures, saying that the latest inflation data was “reassuring” and the probability of a rate hike was “very low.”
“We just don't want to go down. That's the critical thing,” Waller said. “Right now we don't see any indication that staying here for three or four months is going to cause the economy to suffer.”
CNBC Indonesia Research
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