Gold sales soar as rupiah depreciates

The Jakarta Post/News Desk/8-30-2018

“State-owned mining company PT Aneka Tambang (Antam) has said its gold sales jumped significantly in the first half of 2018 as a result of the weakening rupiah. . .“An impact of the dollar strengthening is that people are buying gold. Domestic demand has increased. . .”

USAGOLD note:  Indonesia joins a number of emerging countries experiencing greatly increased gold demand among citizens concerned about currency and debt problems. The list, in fact, grows longer by the day.

Chart courtesy of TradingEconomics.com

 

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.

Comments are closed.