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Gold Price Leave IDR 1 Million / Gram, How Much is the Year End Prediction?

Jakarta

Antam’s gold bullion price continues to leave the level of IDR 1 million per gram. Antam’s gold price per Thursday (13/11) through Rp. 968,000 / gram, or a decrease of Rp. 2,000 from the previous day’s price of Rp. 970,000 / gram.

According to the Director of TRFX Garuda Berjangka Ibrahim, the price of gold will continue to decline until the 3rd week of November 2020. In fact, he predicts that the price of gold will reach Rp 935,000 / gram.

“Maybe the lowest level of gold is at the level of US $ 1,830 per troy ounce (toz). Now with a rate of Rp. 14,200. This will most likely be at Rp. 935,000 / gram,” said Ibrahim to detikcom, Thursday (11/13/2020).

However, according to him, the price of gold from the 4th week of November will rise again, even back to the level of Rp. 1 million / gram.

“It could go up. Because we don’t know, maybe in the 3rd week the US will pour out a stimulus from the US. When it is disbursed, the price of gold will approach the level of US $ 2,000 / toz. So, the price of gold could hit the level of Rp. 1 million again. , “explained Ibrahim.

However, for the end of the year he predicted gold price going to the level of IDR 950,000 / gram. This is motivated by the distribution of the Corona virus vaccine (COVID-19) in almost all countries in December.

“Until the end of the year, it is likely that the price of precious metals could be around Rp 950,000. That is assuming the stimulus has been disbursed in the 3rd week of November. Because in December, almost all countries have vaccines. In Indonesia that December only has vaccines. Secretly, children in the regions have been vaccinated. And in the United States (US) and Europe are the same, “he explained.

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