Gold prices remain in a downward trend, coinciding with easing\ngeopolitical tensions in the Middle East. Next week, gold prices are\npredicted to move in the range of IDR 2.55 million to IDR 2.78 million\nper gram.<\/p>\n
At the close of trading this week, world gold prices were recorded at\n4,174 US dollars per troy ounce. The precious metal closed at a level of\nIDR 2.67 million per gram.<\/p>\n
Currency and commodity observer Ibrahim Assuaibi projects that if a\ncorrection occurs, the first support level for gold will be at 4,100 US\ndollars per troy ounce. The precious metal price is moving at IDR 2.65\nmillion per gram.<\/p>\n
\u201cIf it corrects further, the second support level is at 4,000 US\ndollars per troy ounce, with the precious metal at IDR 2.55 million per\ngram,\u201d Ibrahim said in a voice statement to reporters on Sunday\n(5\/7\/2026).<\/p>\n
Meanwhile, if world gold prices strengthen, the first resistance\nlevel is 4,248 US dollars per troy ounce, with the precious metal at IDR\n2.69 million per gram. \u201cIf gold and the precious metal strengthen\nfurther, the second resistance level is at 4,348 US dollars per troy\nounce, and the precious metal at IDR 2.78 million per gram,\u201d he\ncontinued.<\/p>\n
At the same time, Ibrahim predicts that if it corrects, world oil\nprices are expected to be in the range of 64.70 US dollars per barrel,\napproaching the 60 US dollars per barrel level. Meanwhile, if it rises,\nthe resistance level is at 72.10 US dollars per barrel.<\/p>\n
For the US dollar index, he predicts that next week its movement will\nlikely be in the 100-102 position. Meanwhile, the prediction for the\nrupiah exchange rate is in the range of IDR 17,850 to IDR 18,100 per US\ndollar.<\/p>\n
Ibrahim explained several sentiments that will influence the movement\nof gold or precious metal prices next week. These range from\ngeopolitical dynamics, the US central bank\u2019s interest rate policy, to\ndemand and supply conditions.<\/p>\n
\u201cRegarding geopolitics in the Middle East, we know that following the\nmemorandum of understanding between the US and Iran, the Strait of\nHormuz is becoming increasingly busy, and there is currently an\noversupply in crude oil shipments,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-forecast-to-move-between-idr-2-55-million-and-idr-2-78-million-per-gram-next-week-1783234265", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }