Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Wednesday (5/6/2024) at the LM Graha Dipta Pulo Gadung gold boutique was recorded at IDR 1,336,000, dropping by IDR 13,000 per gram.

Likewise with prices buyback (the price used when selling gold again) was at Rp. 1,219,000 per gram, dropping to Rp. 13,000.

Antam's gold price fell in line with the collapse of world gold. Based on data Refinitiv on Tuesday (4/6/2024), namely at US$2,327.63 per troy ounce. The price fell 0.96%.

Dollar index, which measures greenbacks against six other currencies, it edged down 0.03% at 104.11. The dollar index makes the price of precious metal gold more expensive relative to other currencies.

“There may be a bit of a reaction to the US dollar and there is an element of profit taking on gold,” said Bart Melek, head of commodity strategy at TD Securities as reported RefinitivTuesday (5/6/2024).

Investors now wait employment data non-farm payrolls in May which will be released on Friday (7/6/2024).

Employers are expected to add 185,000 jobs in May. This comes after an April report showed job growth slowed more than expected, with 175,000 jobs added. At least in six months.

“Gold will likely move sideways, or even slightly lower in the coming weeks, unless there are unexpected geopolitical events that will drive safe haven demand,” said Jim Wyckoff, senior analyst at Kitco Metals.

CNBC Indonesia Research

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