Airlangga Says Gold And US Dollar Prices Are Predicted To Continue To Rise, RI Can Get Profits

Illustration (Photo: Doc. ANTARA)

Coordinating Minister for Economic Affairs Airlangga Hartarto assessed that the most secure investment instruments (safe havens) in the midst of the current global economic uncertainty, namely gold and US dollars.

"The increasing uncertainty, high inflation, and the current decline in expectations (interest rate) of the Fed have prompted investors to switch to safe haven gold and dollar assets," he said at a press conference on the Current Economic Fundamental Conditions and the 2025 RAPBN, Monday, June 24.

Airlangga estimates that the price of gold and US dollars will continue to increase and can be an opportunity for Indonesia to gain profits.

This is considering that there will be a smelter that produces at the end of 2024 and will operate 1-2 in the future.

"The gold price is expected to continue to increase and actually Indonesia has a chance because Indonesia has a copper refinery which will produce soon at the end of this year and immediately commission in the next 1-2 days," he said.

For information, the new PT Freeport Indonesia smelter in Gresik will be inaugurated this week.

PT Freeport Indonesia President Director Tony Wenas said preparations for the inauguration were being carried out.

Apart from gold, Airlangga assessed, the US dollar is also one of the potential investment instruments because the current US dollar exchange rate continues to strengthen the value of various countries' currencies, including the rupiah.

According to Airlangga, the increase in the price of gold and US dollars because the world economy is still uncertain and is still overshadowed by geopolitical tensions, the weakening of China's economy to high interest rates in developed countries.

"If we look at the world economy, it is projected that it is still below the long-term trend, with a down side risk. Of course geopolitical tension, geoeconomic fragmentation, weakening China's economy, strengthening the US dollar, and high interest rates in developed countries and tightening fiscal in developed countries," he said.

Meanwhile, based on the Mulia Metal page, the price of gold bullion of PT Aneka Tambang Tbk (Antam) on Monday, June 22, increased by Rp. 3,000 per gram, bringing it to Rp. 1,360,000 per gram.

Earlier on Saturday, June 22, the price of gold bullion was at IDR 1,357,000 per gram.

Meanwhile, on Monday, June 22, the selling price of gold bullion buyback was IDR 1,235,000 per gram.