{
    "success": true,
    "data": {
        "id": 1673210,
        "msgid": "may-day-gold-prices-plunge-2-silver-falls-3-this-morning-1776041465",
        "date": "2026-04-13 06:41:50",
        "title": "May Day! Gold Prices Plunge 2%, Silver Falls 3% This Morning",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold prices tumbled 2% to US$4,651.94 per troy ounce this morning, driven by a surging US dollar amid escalating geopolitical tensions following the collapse of ceasefire talks between Iran and the United States. The US has announced a naval blockade of Iranian ports, raising fears of disruptions to global energy markets via the Strait of Hormuz, while silver also declined by 3%. Despite the short-term volatility, gold's outlook remains sideways within the US$4,400 to US$5,000 range, with technical resistance hindering further upside potential.",
        "content": "<p>Jakarta, CNBC Indonesia - Gold and silver prices are expected to be\nvolatile this week following the collapse of the ceasefire agreement\nbetween Iran and the United States (US). Investors are also monitoring\ndomestic inflation, economic data from China to the US, and speeches by\nseveral Federal Reserve officials to be released this week. In Friday\u2019s\ntrading last week (10\/4\/2026), gold closed at US$4,747.49 per troy\nounce, down 0.34%. Nevertheless, overall, gold prices rose 1.54% last\nweek. Gold prices immediately plunged today alongside the renewed surge\nin the US dollar due to political tensions in the Middle East. On Monday\n(13\/4\/2026) at 06.29 WIB, gold prices fell 2.01% to US$4,651.94 per troy\nounce. The dollar index surged to 99.13 on Monday morning after being at\n98 for two days. Gold purchases are converted in US dollars, so a rising\ndollar will pressure demand. Global geopolitical tensions have peaked\nagain. The US military has stated that a blockade of Iranian ports will\nbegin on Monday at 10.00 ET or 14.00 GMT or Monday at 21.00 WIB (Western\nIndonesia Time). This move has the potential to shake the global energy\nmarket as it occurs amid uncertainty over the fate of the Strait of\nHormuz, a vital global oil distribution route. US Central Command\n(CENTCOM) emphasised that it will not obstruct ships transiting the\nStrait of Hormuz to or from non-Iranian ports. This means the\nrestrictions are focused on maritime activities directly related to\nIran. The statement came shortly after President Donald Trump announced\nvia Truth Social that the US Navy would \u201cblockade every ship\u201d attempting\nto enter or exit the Strait of Hormuz. Trump described the tough action\nas being taken after negotiations with Iran in Pakistan failed.\nAccording to Trump, Tehran refused to \u201cabandon its nuclear ambitions.\u201d\nHowever, Iran\u2019s version differs. The Iranian government claims that both\nsides were actually \u201cone step away\u201d from reaching an agreement, but the\nnegotiations collapsed because the US made maximalist demands and\nconstantly changing conditions. Iran\u2019s parliamentary speaker Mohammad\nBagher Ghalibaf, who led the negotiations in Pakistan, emphasised that\nhis country will not bow to any threats. That strong statement\nunderscores that the chances of compromise in the near future remain\nslim. What is the Outlook for Gold? As long as prices remain between\nUS$4,400 below and US$5,000 above, the market tends to move sideways\nwithin a certain range. Given the volatility, gold still offers\nattractive opportunities, but it is more suitable for trading from one\nlevel to another, rather than holding positions in hopes of a long-term\ntrend. From a technical perspective, gold prices are still struggling to\nbreak through the US$4,800-US$4,850 resistance zone. This area is very\nimportant because it consists of former support that has turned into\nresistance. As long as that level has not been breached, it is difficult\nto see an increase occurring.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/may-day-gold-prices-plunge-2-silver-falls-3-this-morning-1776041465",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}