Could gold prices reach Rp2.7 million next week?

Gold prices could reach Rp2.7 million per gram next week if the precious metal strengthens, according to Ibrahim Assuaibi, director of PT Traze Andalan Futures.

Ibrahim said the first resistance level would be Rp2.6 million per gram and the second Rp2.7 million. Gold stood at Rp2,634,000 per gram on the morning of September 5, 2026. If prices correct, he expects them to fall to between Rp2.5 million and Rp2.6 million per gram.

For international markets, Ibrahim forecasts gold at US$4,518 to US$4,668 per troy ounce if prices rise, or US$4,276 to US$4,393 if they correct. He expects the dollar index to range from 98.30 to 100.20, with a possible level of 100, while crude oil could trade between US$82.50 and US$98.70 a barrel.

He identified two main forces behind fluctuations in gold, oil and the dollar: the ongoing conflict between the United States and Iran, and U.S. politics and policy. Ibrahim said the conflict had pushed up oil prices and U.S. gasoline prices to US$5.85 a gallon, potentially keeping inflation high and interest rates elevated.

He also said President Donald Trump continued pressing the Federal Reserve to cut rates, while inflation and strong U.S. labor data had raised expectations of a 25-basis-point increase on September 16. Economic surveys put the probability of a hike at about 58%, up from 52%, he said. The disagreement between Trump and the Fed could become a political issue and affect gold prices.

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If the precious metal strengthens, the first resistance is at Rp2.6 million per gram. The second resistance is at Rp2.7 million per gram.