Antam Gold Rebounds

 

Antam Gold Price Rebounds in Early May, Jumps Rp30,000 to Rp2,799,000 per Gram

After a brief decline, the price of Antam gold bars produced by PT Aneka Tambang Tbk (Antam) has reversed الاتجاه and moved higher in early May trading. Based on official data from Logam Mulia, Antam gold prices surged by Rp30,000 to reach Rp2,799,000 per gram on Friday.

Despite the rebound, gold prices remain significantly below their all-time high of Rp3,168,000 per gram recorded on January 29, 2026.

The buyback price also posted a stronger increase, rising by Rp40,000 to Rp2,589,000 per gram, up from the previous Rp2,549,000. This indicates improved market sentiment and stronger demand for gold.

Price gains were seen across multiple denominations. The 0.5-gram gold bar climbed to Rp1,449,500 from Rp1,434,500. Meanwhile, the 2-gram size increased to Rp5,538,000 from Rp5,478,000, and the 5-gram bar rose to Rp13,770,000 from Rp13,620,000.

For investors considering larger purchases, Antam gold is also available in bigger sizes. The 25-gram bar is priced at Rp68,587,000, while the 50-gram bar reaches Rp137,095,000.

Latest Antam Gold Prices – May 1, 2026

• 0.5 gram: Rp1,449,500
• 1 gram: Rp2,799,000
• 2 grams: Rp5,538,000
• 5 grams: Rp13,770,000
• 10 grams: Rp27,485,000
• 25 grams: Rp68,587,000
• 50 grams: Rp137,095,000
• 100 grams: Rp274,112,000
• 250 grams: Rp685,015,000
• 500 grams: Rp1,369,820,000
• 1,000 grams: Rp2,739,600,000

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Gold Under Pressure

Gold Prices Remain Vulnerable Amid Rate Pressure and Strong US Dollar

Gold prices continue to face downside risks as global sentiment is weighed down by prolonged high interest rate expectations and a strengthening US dollar. Despite ongoing geopolitical tensions in the Middle East, the precious metal struggles to maintain upward momentum.

According to Bloomberg data on Thursday (April 30, 2026) at 07:24 WIB, spot gold prices stood at $4,560.59 per troy ounce, marking a modest 0.28% daily increase. However, on a weekly basis, gold has declined by 2.84%, signaling persistent selling pressure in the market.

Sutopo Widodo, President Commissioner of HFX International Berjangka, noted that gold remains under pressure due to expectations that central banks will keep interest rates higher for longer. This outlook increases the opportunity cost of holding non-yielding assets like gold, especially as US Treasury yields rise and the dollar strengthens.

“The expectation of prolonged high interest rates makes gold less attractive, particularly amid rising US bond yields and a stronger dollar,” Sutopo explained.

He highlighted that the 10-year US Treasury yield has climbed to around 4.35%, while the US Dollar Index remains above 98.5. These factors continue to reduce investor appetite for gold and silver, both of which do not generate yield.

Meanwhile, escalating geopolitical tensions around the Strait of Hormuz have added further uncertainty to the market. Disruptions in global energy supply are keeping oil prices elevated, raising concerns over persistent inflation.

“This inflationary pressure may push central banks, including the Federal Reserve, to maintain a hawkish monetary policy stance for a longer period,” Sutopo added.

Despite a slight rebound in daily trading, the recent uptick in gold prices is seen as a short-term technical correction after entering oversold territory. The recovery is largely driven by bargain hunting rather than a shift in the overall trend.

In the short term, gold prices are expected to remain under pressure. However, the medium- to long-term outlook still points to a bullish trend.

Sutopo cautioned that a deeper correction remains possible, particularly if geopolitical tensions ease. Historically, gold has experienced significant pullbacks—falling حوالي 19% in 2020 from $2,075 to $1,680 per ounce, and dropping as much as 45% between 2011 and 2013.

“Gold could potentially correct by 30% to 45% again if geopolitical tensions subside. This scenario could even unfold within this year,” he concluded.

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Gold Awaits Fed

Gold Prices Edge Higher as Investors Await Fed Signals and Middle East Developments

Gold prices inched up during early Asian trading on April 29, as investors remained cautious ahead of remarks from Federal Reserve Chair Jerome Powell. Market participants are closely watching for clues on how the ongoing Iran conflict and stalled peace negotiations could impact the global economy.

As of 08:30 WIB, spot gold rose 0.1% to $4,598.45 per ounce, rebounding slightly after hitting its lowest level since April 2 in the previous session. Meanwhile, U.S. gold futures for June 2026 delivery also gained 0.1% to $4,612.10 per ounce.

Market sentiment continues to be influenced by geopolitical tensions in the Middle East. Efforts to resolve the Iran conflict have reached a stalemate, with U.S. President Donald Trump reportedly dissatisfied with Tehran’s latest proposal, signaling ongoing uncertainty in the region.

On the monetary policy front, investors widely expect the Federal Reserve to keep interest rates unchanged at the conclusion of its two-day meeting later today. Attention is also turning to upcoming decisions from other major central banks this week, including the European Central Bank, the Bank of England, and the Bank of Canada.

In Asia, demand signals remain strong. China, the world’s largest gold consumer, imported a net 47.866 metric tons of gold via Hong Kong in March, up from 46.249 tons in February, according to official data released Tuesday.

Looking ahead, energy prices are projected to surge by 24% in 2026, potentially reaching their highest levels since Russia’s full-scale invasion of Ukraine, according to the World Bank. The outlook depends heavily on whether disruptions caused by Middle East conflicts ease by May.

Oil prices also climbed nearly 3% on Tuesday, driven by persistent concerns over supply disruptions in the Strait of Hormuz. These concerns outweighed market reactions to reports that the United Arab Emirates may exit OPEC and the broader OPEC+ alliance.

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Gold Prices Rise

Gold Prices Edge Up as Traders Watch US-Iran Talks

Gold prices posted a modest gain in early Tuesday trading (April 28, 2026), as market participants closely monitored ongoing negotiations between the United States and Iran.

As of 07:46 WIB, gold futures for June 2026 delivery on the Commodity Exchange rose 0.3% to US$4,707.70 per troy ounce, up from US$4,693.79 in the previous session.

The slight uptick in gold prices reflects cautious sentiment among traders, who are evaluating renewed diplomatic efforts aimed at resolving tensions involving Iran. Safe-haven demand remains supported amid lingering geopolitical uncertainty.

According to Bloomberg, US President Donald Trump held a meeting with national security officials to discuss Iran’s latest peace proposal. However, White House Press Secretary Karoline Leavitt emphasized that the United States continues to uphold strict conditions in any agreement to end the conflict.

The statement follows reports that Tehran proposed a temporary deal involving the reopening of the Strait of Hormuz in exchange for lifting US blockades on vessels traveling to and from Iranian ports.

“An indefinite extension of the ceasefire, while the Strait of Hormuz remains restricted, would prolong market uncertainty,” said Marc Loeffert, a precious metals trader at Heraeus, as cited by Bloomberg.

Looking ahead, analysts suggest that a combination of economic stagnation and rising inflation could further strengthen gold’s long-term appeal as a safe-haven asset.

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Gold Drops Again

Gold Prices Fall Again as Stronger Dollar Offsets China Demand

Gold prices edged lower at the start of the week, pressured by a firmer U.S. dollar and rising oil prices that fueled concerns about persistent inflation and higher-for-longer interest rates, as U.S.–Iran peace talks remain at a standstill.

As of Monday (April 27, 2026) at 09:00 WIB, spot gold slipped 0.3% to $4,694.26 per troy ounce. Last week, gold dropped 2.5%, snapping a four-week winning streak.

Meanwhile, gold futures for June 2026 delivery declined 0.9% to $4,697.60 per troy ounce.

U.S. President Donald Trump stated on Sunday that Iran could initiate negotiations by phone if it seeks to end the two-month conflict, reiterating that Iran “will never possess nuclear weapons.” His remarks came after Tehran insisted that Washington must remove key obstacles to any agreement, including port blockades.

Trump also canceled a planned visit by two U.S. envoys to Pakistan—an intermediary in the Iran conflict—on Saturday (April 25, 2026). The move marked a setback for peace prospects following Iran’s foreign minister’s brief visit to Islamabad, where discussions with Pakistani officials yielded limited progress.

On the macro front, oil prices climbed while the U.S. dollar strengthened slightly and U.S. stock futures declined. The stalled negotiations have prolonged disruptions to Middle East energy exports, unsettling markets ahead of a busy week of central bank meetings.

Republican Senator Thom Tillis said Sunday he would allow Senate consideration of Federal Reserve chair nominee Kevin Warsh to proceed, after the Justice Department ended its investigation into Fed Chair Jerome Powell on Friday.

In physical markets, gold premiums in India surged to a 2.5-month high due to tighter supply, while buying interest in China increased.

The world’s largest gold-backed ETF, SPDR Gold Trust, reported a 0.2% decline in holdings to 966.30 metric tons on Thursday.

Investors are now closely watching the U.S. Federal Reserve’s interest rate decision, expected Wednesday (April 29, 2026), following its two-day policy meeting.

Elsewhere, spot silver fell 0.3% to $75.48 per troy ounce, platinum slipped 0.3% to $2,005.15, and palladium dropped 0.3% to $1,492.22.

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Gold Bearish Pressure

 

Gold Hits Two-Week Low as Iran Tensions and Inflation Fears Boost USD

Gold prices dropped to a two-week low around the $4,758–$4,757 range during the Asian session, putting the precious metal on track for its first weekly loss in five weeks. Rising geopolitical tensions between the United States and Iran, particularly around the Strait of Hormuz, have kept investors cautious. At the same time, renewed inflation concerns are reducing expectations of a more dovish stance from the Federal Reserve, strengthening the US Dollar and weighing on gold prices.

From a technical perspective, gold maintains a short-term bearish bias as it trades below the 200-period Exponential Moving Average (EMA). The price is now attempting to break below the ascending channel support near $4,680.47, signaling a potential loss of bullish momentum and opening the door for further downside.

Momentum indicators also reinforce the bearish outlook. The Relative Strength Index (RSI) stands at 35.72, approaching oversold territory, while the Moving Average Convergence Divergence (MACD) remains in negative territory below the zero line at around -4.92. These signals suggest continued selling pressure rather than an imminent reversal.

If the bearish trend persists, XAU/USD could face deeper declines. On the upside, immediate resistance is seen near the former channel support at $4,680.47, followed by stronger resistance at the 200-period EMA around $4,778.44. A more significant barrier lies near the upper boundary of the ascending channel at approximately $4,901.82. Only a sustained move above these levels would ease the current bearish sentiment.

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Geopolitical tensions continue to escalate as the US naval blockade of Iranian ports intensifies. Iran’s Foreign Minister, Abbas Araghchi, has labeled the blockade as an act of war, while senior negotiator Mohammad Bagher Ghalibaf stated that any ceasefire would be meaningless if maritime restrictions remain in place. Meanwhile, US President Donald Trump has ordered the Navy to take decisive action against vessels laying mines in critical shipping routes. These developments diminish hopes for de-escalation and reinforce the US Dollar’s strength as a global reserve currency, adding pressure on gold.

At the same time, ongoing disruptions to energy supply routes are supporting elevated crude oil prices. This raises concerns about a potential surge in global inflation, which could push major central banks—including the Federal Reserve—toward a more hawkish policy stance. Current market expectations suggest only one 25 basis point rate cut by the Fed in 2026. This outlook is boosting US Treasury yields and the US Dollar, further reducing the appeal of non-yielding assets like gold.

Looking ahead, the US economic calendar features the revised University of Michigan Consumer Sentiment Index. However, market focus remains on geopolitical developments, which are likely to drive volatility and create trading opportunities in gold. Despite this, the overall fundamental backdrop suggests that the path of least resistance for XAU/USD remains to the downside, with any short-term rallies likely to be viewed as selling opportunities.

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