ANTM – Gold' bullish trend in 2024

ANTM – Gold' bullish trend in 2024 Spot gold prices rose on forecasts of a global benchmark interest cut this year. Previously, the price of gold had touched a highest record earlier this week which made the price of Aneka Tambang (ANTM) gold bars also rise 0.16% to IDR1.21 mn per gram on March 12, 2024. It is expected that the bullish trend of gold will last for a long time with sentiment of physical gold demand from retail and central banks that continues to increase, especially from China. ANTM gold tends to be better than global gold because if the dollar weakens, ANTM gold will rise as global gold rises. However, if the dollar strengthens and global gold weakens, ANTM's gold will still rises because it becomes a hedge rupiah against the dollar. (Source : Kontan)