Video: War Still Hot, Gold Transactions Still Dominate the Futures Exchange

The Middle East war involving Iran versus the US and Israel remains a sentiment boosting the movement of major global commodity prices, from oil and LPG to coal and gold.

Regarding gold prices, the President Director of Dupoin Futures Indonesia, Gunawan Herman, stated that the price of this safe-haven commodity is heavily influenced by global sentiment, supply and demand, monetary policy, and the dollar index.

The escalation of the Middle East war, which continues to cause market concerns, most affects the surge in the dollar index, which is still the primary currency for global oil transactions. Additionally, the potential rise in US Treasury yields makes gold less attractive, causing prices to move sideways in the range of USD 4,200-4,900 per troy ounce in the short term.

Nevertheless, on the futures exchange currently, the most traded commodity is gold, reaching 80-90% every month, in line with its function as a hedging asset in the long term.

What is the impact of the Iran war heat on commodity transactions in the futures exchange? For more details, watch the dialogue between Syarifah Rahma and the President Director of Dupoin Futures Indonesia, Gunawan Herman, in Power Lunch, CNBC Indonesia (Monday, 20/04/2026).