Gold Prices Dip, China's Demand Surge May Spark Rebound
Gold prices have fallen below $4,000 per troy ounce due to US interest rate hike concerns. However, increased demand from China for jewelry and central bank purchases is seen as a potential support, suggesting a possible rebound.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Nippon Paint Terminates Brand Ambassador Contract with Raffi Ahmad Amid 'Mahasewa' Controversy
Nippon Paint has officially terminated its brand ambassador contract with celebrity Raffi Ahmad. This decision follows public criticism regarding allegations of 'paid crowds' at an event linked to the 'Mahasewa' (student movement) controversy involving Ahmad. Promotional materials featuring the celebrity are being phased out.
- 16-Year-Old Girl Pregnant After Alleged Abuse by Stepfather and Step-Grandfather in Boyolali
A shocking case has emerged in Boyolali, Central Java, Indonesia, where a 16-year-old girl is allegedly pregnant after being sexually abused by her stepfather and step-grandfather. The Ministry of Women's Empowerment and Child Protection (PPPA) is intensifying psychological and medical support for the victim and vowing to prevent recurrence.
- Rupiah Strengthens Slightly, Analysts Remain Cautious
The Indonesian Rupiah saw a slight appreciation against the US dollar on Tuesday, but analysts maintain a cautious stance ahead of key domestic and international economic data releases and US midterm elections. While falling crude oil prices provided a temporary tailwind, sluggish domestic stock markets are also weighing on the Rupiah.
- Civil Servant Stabbed in Papua's Puncak Regency, Knife Remains Embedded
A civil servant in Puncak Regency, Papua, was stabbed and taken to the hospital with the weapon still lodged in his neck. Police are investigating the possibility of revenge for the recent arrest of an OPM member.