Gold prices continue to experience fluctuations and a downward trend\namidst various global financial market dynamics. It is predicted that\nnext week, gold prices will not penetrate the Rp 2.8 million per gram\nlevel.<\/p>\n
Currency and commodity analyst Ibrahim Assuaibi analysed that,\ntechnically, global gold prices next week are likely to be traded at a\nsupport level of US$ 3,836 per troy ounce up to a resistance level of\nUS$ 4,290 per troy ounce. In the short term, he predicts the support\nlevel for global gold prices to be at US$ 3,990 per troy ounce, while\nthe resistance level sits at US$ 4,132 per troy ounce.<\/p>\n
\u201cFor precious metals specifically, it is highly likely that next week\nthey will be traded at a support level of Rp 2.41 million per gram, with\nresistance at Rp 2.72 million per gram. In the short term, the support\nlevel is likely at Rp 2.58 million per gram and resistance at Rp 2.623\nmillion per gram,\u201d Ibrahim stated in a briefing to journalists on Sunday\n(2\/8\/2026).<\/p>\n
In line with these projections, WTI crude oil is expected to range\nbetween US$ 80.50\u201396 per barrel, while Brent Crude Oil is projected to\nmove between US$ 95\u2013105 per barrel. Meanwhile, the US dollar index is\nestimated to be around 99.20\u2013102.20.<\/p>\n
\u201cSeveral factors are influencing the fluctuations in the dollar\nindex, crude oil, gold, and precious metals, namely geopolitical issues,\nUS politics, US Central Bank policies, and finally, supply and demand,\u201d\nhe explained.<\/p>\n
Regarding geopolitical issues, Ibrahim noted that conflicts in the\nMiddle East continue to serve as a benchmark for rising global oil\nprices. Some US media outlets have reported that the US and Israel are\npreparing a massive bombing campaign against Iran\u2019s energy\ninfrastructure next week.<\/p>\n
\u201cWhat does this mean? That the US and Israel are serious about\nconducting a large-scale attack to stop Iran from enriching uranium.\nIran has also warned the US and Israel that if an attack occurs, they\nwill not remain silent and will launch a counter-attack,\u201d he said.<\/p>\n
On the other hand, Saudi Arabia is holding a meeting to form an\ninternational maritime defence coalition or an Arab union to secure the\nBab el-Mandeb Strait and the Red Sea from the threat of maritime\nblockades imposed by the Houthich groups in Yemen and Iran.<\/p>\n
\u201cWe know that to this day, the Red Sea is being blockaded by the\nYemen Houthis. We can see that the Red Sea is one of the crude oil\ntransport routes, especially for Saudi Arabia. Secondly, there is the\nblockade of the Strait of Hormuz. We see that transportation in the\nStrait of Hormuz is still limited. This means there will be further\ntension in the Middle East if the US and Israel carry out a large-scale\nattack against Iran,\u201d he explained.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-predicted-to-fluctuate-between-rp-2-41-rp-2-72-million-per-gram-next-week-1785668153", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }