Bisnis.com, JAKARTA – The price of gold can continue its strengthening momentum as investors switch to precious metals compared to the US dollar.
In trading Monday (10/5/2021) at 07.44 WIB, the spot gold price corrected 0.01 percent to US $ 1,831.06 per troy ounce. The Comex gold price contract in June 2021 increased 0.04 percent to US $ 1,832.1 per troy ounce.
Monex Investindo Futures in its research publication said that the US employment report which was released below expectations had caused the weakening of the US dollar. This has triggered the price of gold to rise US $ 16.22 to US $ 1,830.98 at the end of the trading session on Friday.
This morning, Monday (10/5/2021), the price of gold is still likely to be bought to test the resistance level of US $ 1,850 as long as the price stays above the support level of US $ 1,825.
“A decline lower than the support level is likely to trigger a sell-off against gold prices to test the next support level of US $ 1,820. The potential trading range in the Asian session is US $ 1,820- $ 1,850,” said the Monex analyst team.
Domestically, the price of 24 carat gold bullion sold at Pegadaian today, Monday (10/5/2021) was observed to be stagnant both for UBS and Antam prints.
Based on the information available on the official Pegadaian website, the price of 24 carat gold UBS is the smallest size, which is 0.5 grams, pegged at IDR 502,000 or the same as yesterday’s price. Meanwhile, Antam’s smallest gold was priced at Rp. 542,000, stagnant.
The price of 1 gram of UBS gold was sold for IDR 940,000 which did not change from yesterday’s price. Meanwhile, Antam’s 24-carat gold costs Rp. 978,000, the same as yesterday.
Watch the movement of gold prices today live.
The price of gold is still fast
At 14:48 WIB, the spot gold price rose 0.21 percent to US $ 1,835.06 per troy ounce.
The Comex gold price contract in June 2021 rose 0.18 percent to US $ 1,834.6 per troy ounce.
The spot gold price was up 0.21 percent
At 12.19 WIB, the spot gold price rose 0.21 percent to US $ 1,835.03 per troy ounce.
The Comex gold price contract in June 2021 increased 0.16 percent to US $ 1,834.2 per troy ounce.
The price of gold continues to go up
At 09.52 WIB, the spot gold price rose 0.15 percent to US $ 1,833.95 per troy ounce.
The Comex gold price contract in June 2021 increased 0.13 percent to US $ 1,833.6 per troy ounce.
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