Middle East conflict intensifies, Antam predicts global gold prices to continue rising

Antam (PT Aneka Tambang Tbk) predicts that global gold prices could continue to rise amid escalating geopolitical tensions, particularly in the Middle East, as gold is still viewed as a safe-haven asset in times of global uncertainty. Wisnu Danandi Haryanto, Corporate Secretary of Antam, said in Jakarta on 3 March 2026 that wars and geopolitical tensions historically affect commodity movements. He added that various global economic policies push people to shift assets into gold. He noted that as long as the conflict persists, the trend of rising global gold prices could continue. “Therefore, we can currently see prices rising, and they are likely to keep rising as long as the war continues, because war inevitably affects commodity prices,” he said. However, Wisnu said he could not guarantee how significant an impact the global conflict would have on domestic gold prices in the future. On the production side, Antam affirmed it will continue to optimise production and secure raw material supply from domestic sources, “because we always source from domestic origins to meet domestic demand for gold.” Antam is also working to ensure adequate stock of gold for consumers amid high demand. Wisnu said the company is in the process of increasing production and expanding raw material supplies so every request can be met. “We are currently in the process of ensuring that production can be increased at all times, that more raw materials can be obtained quickly to ensure that when any customer wants to buy gold, the gold is available. That is what we are trying to do now,” he said. Regarding the Brangkas Logam Mulia digital gold service, Wisnu emphasised that every purchase is conducted on a one-for-one basis. In other words, physical gold is prepared in the quantity purchased by the customer. “Whatever customers buy in Brangkas, we always prepare,” he added. He said the scheme is Antam’s commitment to maintaining public trust in the security of gold storage. “That is how we can give people confidence that their gold is safe if stored with Antam. Because we always operate on a one-for-one basis,” he concluded.