Jakarta, ThedailyID — Gold prices from PT Aneka Tambang Tbk (Antam) dropped sharply on Tuesday morning (05/05), as global market pressures continued to weigh on precious metals.
According to data from Logam Mulia, the price of Antam gold fell by Rp35,000 to Rp2.76 million per gram. At the same time, the buyback price also declined by Rp35,000, bringing it down to Rp2.60 million per gram.
This drop reflects ongoing volatility in global gold markets, which remain sensitive to macroeconomic signals. In particular, expectations around interest rates continue to influence investor behavior.
When central banks maintain high interest rates, investors tend to move toward assets that generate yield. As a result, gold, which does not provide interest, often faces downward pressure.
In addition, movements in the US dollar also affect gold prices. A stronger dollar makes gold more expensive for global buyers, which can reduce demand and push prices lower.
Moreover, global uncertainty still plays a role in shaping market sentiment. Geopolitical tensions and inflation concerns usually support gold prices, but shifting expectations around monetary policy can offset that support.
Despite the recent decline, gold continues to hold its position as a safe-haven asset. Many investors still rely on it to hedge against inflation and economic instability, especially during periods of uncertainty.
Looking ahead, market participants will closely monitor key economic indicators. These include inflation data, central bank policy decisions, and currency movements, all of which could determine the next direction for gold prices.
