Analyst Predicts Gold Price to Break Rp 3 Million Next Week
Director of PT Traze Andalan Futures, Ibrahim Assuaibi, estimates that gold prices have the potential to rise to Rp 3.1 million per gram in trading over the next week. “There is a high likelihood that global gold prices will jump above US$5,000, specifically to US$5,138. The precious metal would then reach Rp 3.1 million per gram,” said Ibrahim via voice message on Sunday, 12 April 2026.
Global gold prices closed at US$4,749 per troy ounce during Saturday morning trading on 11 April 2026. At that time, the precious metal closed at Rp 2.86 million per gram.
For the coming week, Ibrahim predicts gold prices could rise in line with increases in global gold prices. However, if there is a correction, Ibrahim estimates the first support level for gold at around US$4,683 per troy ounce, with the precious metal at Rp 2.84 million per gram.
Ibrahim stated that there are four conditions affecting gold price volatility. The first is geopolitical conditions, including the war between the United States and Israel against Iran. He said that if negotiations between Iran and the United States yield results in the form of a two-week ceasefire, oil prices would fall, which would impact inflation. A decline in inflation, according to Ibrahim, would open opportunities for the US central bank or the Federal Reserve to lower interest rates, which would boost gold prices.
The second is the political situation in the United States. The latest threat from US President Donald Trump to annihilate Iranian civilisation on Tuesday, 7 April 2026, has drawn domestic criticism and even sparked calls for impeachment.
The third is the change in Federal Reserve leadership at the beginning of May this year. Ibrahim said that the Federal Reserve gubernatorial candidate, Kevin Walsh, has a letter of cooperation with Trump to lower interest rates.
The fourth, according to Ibrahim, is that gold prices are also influenced by supply and demand conditions. He stated that global central banks continue to seek alternatives to foreign exchange reserves with precious metals because they consider World War III to already be underway. “Major countries have already intervened, so this is a fact on the ground that World War III is happening, and this is what is causing problems for the global economy,” he explained.
On the same occasion, Ibrahim predicted that the rupiah exchange rate against the dollar would likely continue to weaken. “There is a fairly wide possibility, and it is likely to remain above the Rp 17,000 level,” he said.
The rupiah weakened at the close of trading on Friday, 10 April 2026, to 17,104 per US dollar, or a decline of 0.08 percent compared to the previous day. Thus, the rupiah has consistently been at the 17,000 level per US dollar over the past week.