Indonesian investors flock to gold amid economic uncertainty

Small gold bars minted by state-owned diversified miner PT Aneka Tambang (Antam) are displayed on May 20, 2024, at a pawnshop in Jakarta. - Antara via The Jakarta Post/ANN

JAKARTA: Global prices soared to an all-time high this week as many investors, including individuals at home, turn to the precious metals as a safe haven asset amid geopolitical and global economic uncertainty.

Gold hit a record US$2,942.70 (Rp 48.1 million) per ounce in Asian spot trading on Tuesday (Feb 11), marking an increase of 11.2 per cent since the beginning of 2025.