Gold Price Forecast for the Week: Potential to Break US$4,100?
Despite stronger-than-expected US jobs data, gold prices are holding above $4,000 per ounce. The decline in tech stocks and US bond yields are seen as supporting factors. The upward trend is expected to continue this week, with a potential to break through $4,100.
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
- Indonesian Stocks Show Potential for High Dividends Amidst Market Slump
Despite a slump in the Indonesian stock market due to MSCI maneuvers and negative domestic and global sentiment, certain stocks like PT Adaro Andalan Indonesia Tbk (AADI) are showing potential for substantial dividends. UOB Kay Hian's research indicates AADI plans to use proceeds from the sale of Kestrel shares for special dividends, business development, and debt repayment, making it an attractive option for investors.
- BBCA Leads Indonesian Stock Market, Top 10 Movers Highlight IHSG Performance
PT Bank Central Asia Tbk (BBCA) emerged as the most influential stock on the Indonesian Composite Stock Price Index (IHSG) over the past week. The stock rose 4.42%, contributing 20.48 points to the IHSG. A total of 10 stocks, including PT Multi Kontrol Nusantara Tbk (MKNT) and PT Astra International Tbk (ASII), were identified as key drivers of market movement.
- Saraswati Fellowship Graduates 30 Fellows for Future Women Leadership
The Saraswati Fellowship, aimed at cultivating future women leaders in Indonesia, has graduated 30 fellows in its second batch. The program focuses on developing women leaders in politics, economics, and society.
- Indonesia Praised for Harmonizing Economy and Nature Conservation
Indonesia has been lauded by Raja Rutong for its successful efforts in balancing economic development with nature conservation, highlighting its sustainable development model.