{
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    "data": {
        "id": 1650550,
        "msgid": "to-frustrated-gold-owners-price-forecasted-to-break-through-us-5-000-again-1775098341",
        "date": "2026-04-02 06:45:09",
        "title": "To Frustrated Gold Owners, Price Forecasted to Break Through US$5,000 Again",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold prices surged to US$4,796.83 per troy ounce on Thursday, extending a four-day rally amid a weakening US dollar and easing geopolitical tensions in the Middle East. Analysts predict the price could reclaim the US$5,000 level if de-escalation continues, potentially reviving expectations for Federal Reserve interest rate cuts in 2026. This comes after a sharp decline in March due to war-driven energy price spikes and inflation fears, highlighting gold's dual role as a safe-haven asset and inflation hedge.",
        "content": "<p>Gold and silver prices soared again as the US dollar weakened and the\nrally in risk assets faltered.<\/p>\n<p>According to Refinitiv, gold prices closed at US$4,757.29 per troy\nounce on Wednesday (1 April 2026), surging 1.88%. This increase extended\nthe gold rally for a fourth consecutive day, with a cumulative gain of\n8.6%.<\/p>\n<p>Yesterday\u2019s closing price also marked the highest level since 18\nMarch 2026, or the highest in two weeks.<\/p>\n<p>Gold prices continued to climb today. On Thursday (2 April 2026) at\n06:21 WIB, gold was at US$4,796.83 per troy ounce, jumping 0.83%.<\/p>\n<p>The gold surge was supported by the weakening US dollar. The dollar\nindex fell for the second consecutive day. This made gold, which is\npriced in dollars, cheaper for holders of other currencies.<\/p>\n<p>\u201cGold prices could rise back above US$5,000 per ounce if we head\ntowards de-escalation, as expectations for interest rate cuts could\nre-emerge,\u201d said Bob Haberkorn, an analyst at RJO Futures, to\nReuters.<\/p>\n<p>Gold prices had lingered around the US$5,000 level for quite some\ntime in January 2026 before falling due to the war.<\/p>\n<p>\u201cThe current focus is on Iran and the Strait of Hormuz and how this\nconflict develops, and what the direction will be going forward,\u201d he\nadded.<\/p>\n<p>US President Donald Trump stated in a post on Truth Social that the\nIranian president requested a ceasefire, but a spokesperson for Iran\u2019s\nforeign ministry called the claim untrue and baseless.<\/p>\n<p>\u201cUltimately, the conflict could be a double-edged sword for gold. On\none side, lasting peace would eliminate the geopolitical safe-haven\ndemand that has supported prices so far,\u201d said Tony Sycamore, market\nanalyst at IG.<\/p>\n<p>On the other hand, lower oil prices and reduced inflation pressure\ncould revive expectations for Federal Reserve rate cuts in 2026, thereby\nsupporting gold prices.<\/p>\n<p>Spot gold prices had fallen more than 11% in March due to rising\nenergy prices from the Iran war, sparking inflation concerns and leading\nmarkets to scale back expectations for rate cuts.<\/p>\n<p>Gold is typically viewed as a hedge during geopolitical turmoil and\ninflation, but high interest rates reduce the appeal of the non-yielding\nprecious metal.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/to-frustrated-gold-owners-price-forecasted-to-break-through-us-5-000-again-1775098341",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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