{
    "success": true,
    "data": {
        "id": 1674145,
        "msgid": "global-gold-price-plummets-to-rp80-million-here-are-the-main-causes-1776070261",
        "date": "2026-04-13 15:11:22",
        "title": "Global Gold Price Plummets to Rp80 Million, Here Are the Main Causes",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Finance",
        "summary": "The global gold price has fallen to its lowest level in nearly a week, reaching approximately Rp80.75 million per ounce, driven by a strengthening US dollar and surging oil prices that have diminished expectations for Federal Reserve interest rate cuts this year. Failed peace negotiations between the US and Iran have heightened inflation concerns, exacerbated by threats of a US naval blockade in the Strait of Hormuz and warnings from Iran's Revolutionary Guard. This decline, which exceeds 11 percent since the onset of the US-Israel war in Iran on 28 February 2026, underscores the vulnerability of precious metals to geopolitical tensions and energy market volatility.",
        "content": "<p>Jakarta \u2013 The global gold price hit its lowest level in nearly a week\nduring trading on Monday, 13 April 2026. The precious metal was\npressured by the strengthening US dollar and a surge in oil prices,\nwhich have dampened expectations for interest rate cuts by the Federal\nReserve (The Fed) this year.<\/p>\n<p>Various negative sentiments followed the failure of peace\nnegotiations between the United States (US) and Iran. This has triggered\nconcerns over inflation.<\/p>\n<p>According to CNBC International, the spot gold price fell 0.6 percent\nto US$4,718.98, or approximately Rp80.75 million (estimated exchange\nrate of Rp17,110 per US dollar) per ounce at 02:22 GMT. Gold even\ntouched its lowest level since 7 April 2026.<\/p>\n<p>Meanwhile, US gold futures for June delivery weakened 1 percent to\nUS$4,742, or approximately Rp81.14 million per ounce. The spot gold\nprice has declined more than 11 percent since the US-Israel war in Iran\nbegan on 28 February 2026.<\/p>\n<p>\u201cOptimism regarding a ceasefire has waned after the failure of peace\ntalks, and the resulting boost to the dollar and oil prices has put gold\nunder pressure again,\u201d said Tim Waterer, Head of Market Analysis at KCM\nTrade.<\/p>\n<p>In addition to gold, other precious metals also moved variably. The\nspot silver price fell 2.2 percent to US$74.23 per ounce, platinum\nweakened 0.5 percent to US$2,034.95, while palladium rose 1 percent to\nUS$1,535.77 per ounce.<\/p>\n<p>As one of the main factors pressuring gold prices, the US dollar\nstrengthened by around 0.4 percent. This surge makes gold, priced in\ndollars, more expensive for holders of other currencies.<\/p>\n<p>On the other hand, global oil prices also rose above US$100 per\nbarrel following the failure of peace talks between the US and Iran,\naccompanied by plans for a US Navy blockade of the Strait of Hormuz. The\nrise in energy prices has sparked concerns over global inflation.<\/p>\n<p>\u201cAs soon as oil prices rose back above $100, attention quickly\nshifted to the potential for central bank rate hikes to curb inflation,\nand it is these interest rate prospects that have weakened gold\u2019s\nperformance,\u201d Waterer continued.<\/p>\n<p>Iran\u2019s Revolutionary Guard warned that any military vessel\napproaching the area would be considered a violation of the ceasefire\nand would be dealt with harshly.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-gold-price-plummets-to-rp80-million-here-are-the-main-causes-1776070261",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}