Global Tensions Drive Gold Price Surge

Escalating Trade Wars and Middle East Conflicts Boost Safe-Haven Demand

The global gold market is experiencing significant upward pressure as tensions escalate in international trade and the Middle East geopolitical situation continues to deteriorate ¹

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Source 2

https://finance.detik.com/berita-ekonomi-bisnis/d-8312507/perang-dagang-memanas-harga-emas-bisa-tembus-rp-2-82-juta-gram

. Analyst Ibrahim Assuaibi from Commodity and Currency Analysis forecasts that gold prices could surge to Rp 2.82 million/gram if key resistance levels are breached.

Current Market Position and Resistance Levels

As of latest trading, global gold prices closed at US$ 4,595/troy ounce, while Indonesian gold prices were recorded at Rp 2.68 million/gram ²

. The analysis indicates two potential resistance levels:

1. First resistance: US$ 4,655/troy ounce (Indonesian gold: Rp 2.7 million/gram)
2. Second resistance: US$ 4,706/troy ounce (Indonesian gold: Rp 2.82 million/gram) ²
   Source 2

   https://finance.detik.com/berita-ekonomi-bisnis/d-8312507/perang-dagang-memanas-harga-emas-bisa-tembus-rp-2-82-juta-gram

Market Outlook

The price movement is expected to be fluctuating as it approaches these resistance levels. If the second resistance is breached, the price could reach the predicted Rp 2.82 million/gram ¹

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Source 2

https://finance.detik.com/berita-ekonomi-bisnis/d-8312507/perang-dagang-memanas-harga-emas-bisa-tembus-rp-2-82-juta-gram

. This potential surge is attributed to gold's safe-haven status during global uncertainties.