Gold Prices Hold Firm as Fed Policy Remains in Focus; Global Markets Trade Cautiously
Jakarta, MetalNews Digital — The Federal Reserve's (The Fed) policy and the release of U.S. macroeconomic data remain the primary drivers influencing global financial markets. These conditions have kept interest in hedging assets high, particularly amidst volatility in exchange rates, stock markets, and global commodities.
Global spot gold prices (XAU/USD) held steady at approximately $4,590 per troy ounce. Market participants are currently focused on the trajectory of the Fed's monetary policy, specifically regarding interest rate prospects and real yield movements. Expectations of a dovish stance or potential rate cuts are viewed as factors that could dampen real yields, thereby supporting gold prices as a premier hedge.
In line with global movements, gold prices on the JFXGOLD X Physical Gold Exchange Platform were recorded at $4,586.63 per troy ounce on Tuesday (Jan 13, 2026), equivalent to Rp2,521,012 per gram.
Robby Leonardo, Head of Research Analysis and Market Development at Metalbank Global Monetary, stated that beyond monetary policy, sentiment toward gold is being bolstered by inflows into global gold ETFs and continued purchases by central banks. This structural support is considered a primary pillar for gold prices, with short-term flows remaining relatively positive.
In the foreign exchange market, the USD/IDR exchange rate moved within a range of 16,860–16,910 today. Fundamentally, the Rupiah is supported by commodity export revenues, adequate foreign exchange reserves, and Bank Indonesia’s intervention space. However, the movement of the U.S. Dollar in global markets and foreign capital flows still pose a potential for increased volatility, especially amid relatively thin liquidity conditions.
The U.S. stock market is showing increasingly narrow leadership, raising the risk of a correction should global sentiment deteriorate. Meanwhile, global oil prices continue to fluctuate, influenced by geopolitical dynamics and OPEC production policies.
For USD/IDR, movement is expected to remain within the 16,600–16,950 range, making range-bound trading strategies more relevant. Business entities are advised to utilize hedging instruments, such as forward contracts or options, to anticipate exchange rate fluctuations.
In the domestic stock market, the commodity sector and export-oriented stocks remain a focal point for investors, given their dependence on foreign capital flows. Regarding energy commodities, oil prices are expected to remain sensitive to geopolitical sentiment and global supply policies; therefore, a selective strategy is deemed more appropriate than chasing short-term price spikes.
Real-time monitoring of gold prices and transactions on the JFXGOLD X Physical Gold Exchange Platform can be accessed via the METALGO+ and NUNOMICS apps, as well as the Pospay Gold feature within the Pospay application.
Disclaimer: The price information and market analysis provided are for informational purposes only and do not constitute investment advice. Market conditions can change rapidly. Please conduct personal analysis and consideration before making any financial decisions.
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