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Gold prices, expected for next year, may exceed this level

Jakarta

It is not it could be the choice of investment instrument due to minimal risk. Amid uncertain geopolitical and economic conditions, gold investment is still promising.

This can be seen from the current price of gold, the value of which has increased since the beginning of 2022. Although its current position is not a record.

Ibrahim Asjuangbi, Profit Director of Forexindo Berjangka, said that gold will be more in demand next year due to high global economic uncertainty. The gold price for the precious metal is currently Rp. 1 million and is expected to set another record in 2023.

“The demand for gold in 2023 will most likely improve slightly in 2022, so there is a high probability that the precious metal will exceed 1 million, perhaps it will happen in the third quarter of 2023,” Ibrahim said. detik comSunday (25/12/2022).

Ibrahim predicts already in 2023 probable not the price still floating and leaving the IDR 1 million level for a while. Well, these moments are considered to be the right time to buy or invest in gold.

“This is an opportunity for the public to shop and collect goods refuge because there is a high probability that in 2023-2024 it will reach its highest level as in previous years,” he explained.

Ibrahim suggested buying gold with idle money. This way this gold investment is long-term and will only be sold in the next few years.

“Investing in precious metals with idle money so there is nothing thought to sell. When the price is Rp. 1.3 million (per gram), this is an opportunity (to sell). It is possible that 1.3 million rupees will occur in 2024,” she added.

Contacted separately, said Ariston Tjendra, head of research at Monex Investindo not the price it has the characteristic of strengthening when the global economic situation is volatile and tends to be stable or declining when the global economy is good.

“So when the economic situation is good, this is the right time to buy gold and it can be sold when gold prices soar high when the global economy is in a slump,” he said.

With the risk of a global recession next year, now is considered the right time to start investing in gold. Just like Ibrahim, Ariston has also suggested holding or investing in gold for the long term. “The purchases are not all at once, they can be gradual as the gold price corrects,” he advised.

(help/eng)

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