PT Aneka Tambang (Persero) Tbk (ANTM)'s precious metal gold price fell in today's trading, Friday (8/10). Meanwhile, future prospects also do not seem to show any significant positive signs.

On Friday (8/10/2021), the price of Precious Metals was at Rp. 914,000/gram. down Rp 4,000 from the previous day.

Antam's Precious Metals price moves in line with world gold prices. Gold prices moved up and down around $1,750-$1,760 per ounce when the Asian stock trading session opened. At 09:00 WIB, the world gold price on the spot market fell 0.32%.

Currently it is difficult to expect the price of gold to rise significantly. This is because the movement of gold is limited by the strengthening trend of the United States (US) dollar.

At 0910 WIB, the Dollar Index (which measures the greenback's position against six major world currencies) was up 0.01%. In the last month, this index rose 1.77%.

The US dollar and gold prices have an inverse relationship. When the US dollar is strong, gold will languish.

This is because gold is a commodity that is priced in US dollars. When the US dollar strengthens, gold becomes more expensive for investors holding other currencies. Demand for gold fell, prices followed.

Investors are also still waiting for the employment report from the US Department of Manpower on Friday morning local time (this evening WIB). This information can be considered as U.S. data. the most important of the month, before the Fed's tapering announcement next month.

The number of major non-farm jobs is expected to rise by 500,000 in September after a small gain of 235,000 in August which could lead to increased market volatility as soon as the report comes out.

Meanwhile, Democratic US Senate Majority Leader Chuck Schumer and his Republican counterpart Mitch McConnell agreed to temporarily raise the debt ceiling by $480 billion, allowing the Treasury Department to meet its obligations by December 3.