Last week the price of gold experienced an accumulative increase but towards the end of the week weakened to USD 2,639.12 per troy ounce at the close of trading on Friday (03/01/2025). While this week on Monday (06/01/2025) the price of gold opened with a slight correction of 0.05% to USD 2,613.29 per troy ounce at 06.00 WIB.
The decline in gold prices at the end of last week was caused by the possibility of a rate cut by the Fed. The central bank cut rate made the dollar index stronger and resulted in gold prices depreciating. Although at the close of the week the price of gold decreased by 0.68%, cumulatively during the week the price rose 0.73%.
This week, there are several data that will be released by the US government including payroll data. This data will influence the Fed’s decision to cut interest rates.
If the payroll data is considered to be favorable to the economy and illustrates a decrease in the US inflation rate, then the Fed is likely to cut interest rates. On the other hand, if some data released by the US government shows an increase in the inflation rate, then the interest rate cut will be delayed.
Gold Price Today in Indonesia
In contrast to world gold prices which experienced a slight correction at the beginning of this week, the price of gold in Indonesia today did not experience any movement compared to the price at the close of the previous week. On Monday (06/01/2025) the purchase price of Antam gold in Indonesia was at Rp 1,539,000 per gram, the same as last weekend.
The resale or buyback price offered by Antam today also did not increase or decrease. The resale price of Antam gold remains at Rp 1,388,000 per gram.
Meanwhile, in the Treasury application, the price of gold at the opening of this week has decreased. On Monday (06/01/2025) the purchase price of gold at Treasury was at Rp 1,424,881 per gram at 10:00 WIB. Today’s gold price fell slightly by around Rp 2,000 when compared to the closing price in the previous week, which was Rp 1,426,159 per gram.
The movement of the resale or buyback price in the Treasury app follows the direction of the purchase price. When the purchase price goes up, then generally the resale price will also go up. As is the case today when the purchase price has decreased slightly, the buyback price offered by Treasury has also decreased to IDR 1,377,425 per gram.
Upcoming Gold Price Predictions
Gold price predictions for the next week based on technical analysis are still in the bullish zone because the gold Relative Strength Index (RSI) figure is still above 50, namely 57.39. The gold Stochastic RSI indicator also shows that the position is oversold or oversold at 9.85 far below the limit of 20.
Although based on technical analysis the price of gold has the potential to rise, it seems that the price of gold will still maintain its current position and even has great potential for correction. This prediction is supported by the statement of Ibrahim Assuaibi, a financial commodity analyst, that the price of gold in 2025 will experience a considerable correction.
Some of the factors that could potentially cause a sizable correction to the price of gold in 2025 are a higher US inflation rate and a stronger labor market that will influence central bank policies to hold interest rates or even raise them.
This factor is the domino effect of the election of Donald Trump as the new president of the United States. Trump has a trade war program with several countries that are considered to have strong economies such as China, Mexico, Canada and Europe.
In addition, Trump also plans to strengthen the dollar index again by sanctioning BRICS member countries that do not use the dollar as the main currency in international trade payments.
Summary of Gold Prices Last Week
Last week the price of gold at the beginning of the week Monday (30/12/2024) opened lower at USD 2,605.39 per troy ounce when compared to the closing price in the previous week. Then throughout the week the world gold price successively strengthened until its peak on Thursday (02/01/2025) was at USD 2,657.16 per troy ounce.
However, the increase did not last until the end of the week. On Friday (03/01/2025) the world gold price decreased by 0.68% to USD 2,639.12 per troy ounce. The decline in world gold prices towards the end of the week was caused by the strengthening of the dollar index and profit-taking after the price of gold had increased for almost a week.
Unlike the graph of the increase in world gold prices, the price of gold in the Treasury application last week experienced significant fluctuations. At the beginning of the week on Monday (30/12/2024) the price of gold in the Treasury application opened up around Rp 6,000 to Rp 1,419,896 per gram when compared to the price at the close of last week.
Then on Tuesday (31/12/2024) the purchase price of gold in the Treasury application fell slightly to Rp 1,418,245 per gram. Furthermore, the price of gold in the Treasury application has increased consecutively for two days until its peak on Friday (03/01/2025) at Rp 1,442,113 per gram.
At the end of the week, the price of gold in the Treasury application experienced another correction and gradually fell to IDR 1,426,159 per gram due to profit taking because the price of gold had experienced the highest price during the week. A common condition for investors to take profits by selling some of their gold assets when prices are high.
It’s time to invest in gold, starting from Rp 5,000s
The ups and downs of daily gold prices do not need to worry about your friend. Accumulatively, the price of gold will definitely increase every year. Ideally, gold is used for medium and long-term investments.
Now, you can buy gold easily and cheaply, starting from Rp 5 thousand at the Treasury!
Treasury is the first digital physical gold trader licensed by BAPPEBTI. Digital transactions are guaranteed safe because they have been registered with KOMINFO and partnered with ICH to ensure the security of user transactions.
Treasury is also a member of ICDX, a clearing house and futures exchange supervised by BAPPEBTI. So you don’t need to worry about the legality and safety of investing in gold at the Treasury.
Not only that. There are various interesting Treasury features such as Jamimas (gold loan), Gold Harvest with interest up to 9% p.a, FREE gold saving and transfer, and many other special promos and prizes.
Although saving gold digitally, you can still print your gold savings into physical gold, coins, or jewelry because Treasury also works with PT Antam and UBS.
What are you waiting for? Start your gold investment now for better finances in the present and future!
