Jakarta \u2013 The global gold price rose more than 3 percent during\ntrading on Friday, 27 March 2026. This rapid surge was driven by buying\naction on the dip after the yellow precious metal had weakened at the\nstart of the week, as well as market participants\u2019 hopes regarding the\neasing of conflict in the Middle East.<\/p>\n
The global gold price was recorded to have risen 3.6 percent to\nUS$4,536.29, or approximately Rp 77 million (estimated exchange rate of\nRp 16,980 per US dollar), per ounce. Meanwhile, the US April gold\nfutures contract also strengthened by 3.6 percent to US$4,533.70,\nequivalent to Rp 76.95 million.<\/p>\n
Senior market analyst from RJO Futures, Daniel Pavilonis, assessed\nthat the previous price decline actually presented an attractive\nopportunity for investors to enter the gold market. In fact, the gold\nprice had even fallen below the 200-day moving average.<\/p>\n
\u201cThe recent price decline has created a very good opportunity because\nthe market had dipped\u2026 this is an extraordinary time to buy gold,\u201d\nPavilonis stated, quoted from CNBC International on Sunday, 29 March\n2026.<\/p>\n
For information, the global gold price had touched a four-month low\nat US$4,097.99 per ounce at the start of the week. Market sentiment\nbegan to reverse, and increasing buying interest propelled gold\u2019s\nrecovery.<\/p>\n
Pavilonis predicted that the upward trend in gold prices would\ncontinue in the near term. \u201cWe will see a gradual rise over the next few\nweeks. If the situation with Iran can ease, then the opportunity to\nreturn to risk assets will become even more open,\u201d he said.<\/p>\n
The conflict between the US and Iran, which has entered its fourth\nweek, continues to widen in the Middle East region, impacting the global\neconomy. The surge in energy and fertiliser prices has triggered\nconcerns over higher inflation.<\/p>\n
This inflationary pressure has also altered expectations for Federal\nReserve monetary policy. Market participants now anticipate that the US\ncentral bank may raise interest rates again, which typically acts as a\nnegative sentiment for gold as it increases the opportunity cost of\nholding non-yielding assets.<\/p>\n
Based on the CME Group\u2019s FedWatch tool, the market has even removed\nexpectations of a US interest rate cut in 2026. This differs from\npre-conflict projections that anticipated two cuts.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-gold-price-rises-3-percent-analysts-call-it-the-best-time-to-buy-1774788674", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }