Next Week, Gold Prices Predicted to Range Between Rp 2.55-Rp 2.82 Million per Gram

Gold prices are anticipated to move sideways with a tendency to rise in the upcoming week, according to commodity and currency observer Ibrahim Assuaibi. The projected range for gold prices is between Rp 2.55 million and Rp 2.82 million per gram.

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So there is a possibility that gold and precious metal prices will strengthen. Although the rupiah also strengthens, the strengthening of the rupiah currency makes the increase in precious metal prices slightly limited.

On the global market, Assuaibi forecasts that gold prices will trade between $4,151 per troy ounce as a support level and $4,493 as a resistance level. Specifically for Monday, August 10, 2026, the support level is expected to be around $4,279 per troy ounce, with resistance at $4,405.

Assuaibi noted that while the Indonesian Rupiah might strengthen, this would only slightly limit the potential rise in gold prices. He attributed the expected increase in global gold and precious metal prices primarily to geopolitical factors, specifically mentioning a potential agreement between Iran and Oman regarding the control of the Strait of Hormuz. He also referenced Iran's recent attacks on United Arab Emirates ships in the Strait of Hormuz, though he observed that these actions did not significantly boost oil prices as the U.S. focused on the potential Iran-Oman deal.

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What makes the price of gold and precious metals in the world increase? The first is the issue of geopolitics where there is an agreement between Iran and Oman regarding the control of the Strait of Hormuz which is likely to reach an agreement soon. And this has also been reported to the US.

Further influencing the market is the ongoing discussion in the U.S. Congress regarding war funding. President Donald Trump's statements suggest that an aerial attack on Iran is unlikely to lead to a Middle East war agreement, implying a potential for ground operations. The U.S. is also closely monitoring the situation in the Strait of Hormuz, with Iran's actions seemingly aimed at deterring U.S. interference.

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This attack by Iran did not cause oil prices to rise again, but the US itself is focused on the existing agreement between Iran and Oman for the control of the Strait of Hormuz.