Gold Under Pressure

Gold Holds Near Four-Week High as Stronger US Dollar Limits Gains

Gold prices remain under mild pressure below a near four-week high, though downside momentum is limited as the metal stays supported above the $4,800 level ahead of the European session. Uncertainty surrounding a lasting US-Iran agreement—amid ongoing instability in the Strait of Hormuz—has helped the US Dollar stage a modest rebound from early March lows, weighing on gold. Adding to tensions, Iran’s ambassador to the United Nations described the US blockade as a serious violation of Tehran’s sovereignty.

From a technical perspective, the XAU/USD pair maintains a constructive bullish bias, attempting to build momentum above the 200-period Simple Moving Average (SMA) on the 4-hour chart. Indicators continue to support the upside, with the Relative Strength Index (RSI) at 65.5, approaching overbought territory, while the Moving Average Convergence Divergence (MACD) remains firmly in positive territory. This suggests ongoing bullish pressure, although a potential slowdown could emerge if buying momentum fades.

Immediate resistance is seen at the 61.8% Fibonacci retracement level at $4,912.54. A sustained breakout above this level could pave the way toward the 78.6% retracement at $5,134.37, followed by the cycle peak near $5,416.94. On the downside, the 50% retracement of the March decline provides strong support at $4,756.73. A decisive break below this level may expose deeper supports at $4,600.92 (38.2%) and $4,408.14 (23.6%), where buyers are likely to re-enter on a more pronounced correction.

Geopolitical Developments and Market Sentiment

Cautious optimism dominated Asian markets on Wednesday following remarks from US President Donald Trump, who indicated that US-Iran peace talks could resume within the next two days. Trump also suggested that the conflict with Iran may be nearing its end.

Further supporting sentiment, US Vice President JD Vance confirmed that negotiations—facilitated through channels including Pakistan—are ongoing as both sides work toward a potential agreement. Meanwhile, signs of stabilization in the Strait of Hormuz, alongside easing oil prices due to the US naval blockade, have helped reduce inflation concerns and improve overall market sentiment.

Despite the recent recovery in risk appetite, investors remain cautious ahead of the next round of US-Iran negotiations, where a possible extension of the ceasefire may be discussed. However, reports from CNN citing satellite imagery indicate that Iran may be restoring access to its underground missile infrastructure during the ceasefire, highlighting the fragile and temporary nature of the current pause.

Given this backdrop, markets remain on edge as geopolitical risks persist. Safe-haven demand for the US Dollar continues to cap gold’s upside potential, with traders closely monitoring developments in the Middle East for the next major move in gold prices.

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Gold Prices Rise

 

Antam Gold Prices Surge April 14, 2026: Up Rp45,000 to Rp2,863,000 per Gram

Gold prices from PT Aneka Tambang Tbk (Antam) recorded a sharp increase on Tuesday (April 14, 2026), reflecting strong market demand and rising global gold sentiment.

According to the official Logam Mulia website, the price of 1 gram of Antam gold reached Rp2,863,000, marking a significant jump of Rp45,000 compared to Monday’s price of Rp2,818,000 per gram.

Meanwhile, the buyback price of Antam gold also climbed to Rp2,639,000 per gram, up Rp54,000 from the previous level of Rp2,585,000 per gram. This increase highlights growing investor interest in gold as a safe-haven asset amid ongoing economic uncertainty.

Latest Antam Gold Price List (April 14, 2026)

Prices exclude applicable taxes

• 0.5 gram: Rp1,481,500
• 1 gram: Rp2,863,000
• 5 grams: Rp14,130,000
• 10 grams: Rp28,180,000
• 25 grams: Rp70,285,000
• 50 grams: Rp140,405,000
• 100 grams: Rp280,660,000
• 250 grams: Rp701,340,000
• 500 grams: Rp1,402,400,000
• 1,000 grams: Rp2,803,600,000

Gold Price Outlook

The latest surge in Antam gold prices aligns with global trends, where gold continues to gain support from a weaker US dollar and heightened geopolitical risks. Investors are increasingly turning to gold as a hedge against inflation and market volatility.

With prices showing strong upward momentum, market participants are advised to monitor daily movements and global economic indicators to identify the best buying or selling opportunities.

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Gold Prices Fall

Gold Prices Fall Amid Inflation Fears and Failed US-Iran Talks

Global gold prices declined at the start of the week as rising inflation concerns intensified following the collapse of peace negotiations between the United States and Iran.

The situation has strengthened the US dollar and pushed oil prices higher, ultimately reducing expectations for interest rate cuts by the Federal Reserve this year.

On Monday (April 13, 2026), spot gold prices dropped 0.7% to $4,716.70 per ounce, marking the lowest level since April 7. Meanwhile, US gold futures for June delivery fell 1% to $4,738.90 per ounce. At the same time, the US dollar gained 0.4%, making dollar-denominated gold more expensive for global investors.

Pressure on gold increased further as oil prices surged above $100 per barrel, driven by escalating tensions in the Middle East after the failed US-Iran negotiations. Reports suggest that the United States is considering a blockade in the Strait of Hormuz to restrict Iranian oil exports.

In response, Iran’s Revolutionary Guard warned that any military vessels approaching the area would be treated as violating the ceasefire and would face firm action.

According to KCM Trade analyst Tim Waterer, market sentiment has shifted rapidly. He noted that fading optimism over a ceasefire, combined with rising oil prices and a stronger US dollar, has weighed heavily on gold.

Since the conflict involving the United States and Israel against Iran began on February 28, gold prices have fallen by more than 11%. This is notable, as gold is traditionally viewed as a safe-haven asset during periods of geopolitical uncertainty and rising inflation.

However, higher interest rates have reduced gold’s appeal, as it does not offer yield. At the same time, rising energy prices continue to fuel inflation, prompting central banks to maintain or even increase interest rates.

Waterer added that whenever oil prices exceed $100 per barrel, markets quickly speculate about potential rate hikes to curb inflation. This expectation has been a key factor weakening gold performance.

Currently, market participants see a lower probability of Federal Reserve rate cuts this year. Prior to the escalation in the Middle East, expectations pointed to two potential rate cuts in 2026.

In other precious metals, silver fell 2% to $74.35 per ounce, platinum edged down 0.2% to $2,041.40, while palladium rose 0.7% to $1,530.80 per ounce.

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