Global Gold Price Surpasses Rp81 Million as US Reports March Inflation Rise
The US inflation report for March 2026 has provided a boost for gold owners. The price of the yellow precious metal surged 0.21% during Friday’s trading session, 10 April 2026.
According to the US Bureau of Labor Statistics report, the Consumer Price Index (CPI), or US inflation, rose 0.9%, higher than the 0.3% increase from the previous month. However, this figure remains below economists’ projections of a 1% rise, opening the door for interest rate easing by the central bank.
On an annual basis, inflation reached 3.3%, up from 2.4% the previous month, but still slightly below market expectations of 3.4%. Meanwhile, core inflation (core CPI), excluding energy and food components, rose only 0.2% monthly and 2.6% annually.
In response to the data, the global gold price immediately jumped 0.21%, or more than US$10, and managed to hold onto its gains. Citing Kitco News, spot gold was last traded at US$4,775.30, equivalent to around Rp81.6 million (assuming an exchange rate of Rp17,100 per US dollar) per ounce.
Tom Bruce, Macro Investment Strategy Expert at Tanglewood Total Wealth Management, stated that he would not be surprised to see a sharp rise in US inflation. He added that the Federal Reserve (The Fed) still has room to lower interest rates as long as core prices remain controlled, which will have a positive impact on gold prices.
Several analysts remind investors to watch the gold resistance level around US$4,800 per ounce. If breached, gold prices could continue their upward trend amid global economic uncertainty.
On the other hand, inflationary pressures are still influenced by rising energy prices due to geopolitical conflicts. Reports show that the petrol index surged 21.2% in March, contributing nearly three-quarters of the monthly inflation rise. Overall, the energy index rose 10.9% in a month and 12.5% over the past year.
Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, warned that inflationary pressures could intensify again in the coming period. According to him, The Fed now faces a difficult scenario where inflationary pressures are rising while growth is slowing.