Bisnis.com, JAKARTA — Shares of PT Aneka Tambang Tbk. (ANTM), widely known as Antam, rallied in Monday’s (3/2/2026) trading session, defying a sharp decline in the Jakarta Composite Index (JCI).

ANTM and other gold-focused issuers advanced in tandem with a rally in global bullion prices, fueled by escalating tensions involving the United States and Israel against Iran.

Bisnis.com, JAKARTA — Oil, gold, and maritime logistics stocks are poised to gain momentum as tensions between the United States, Israel, and Iran intensify.

The deteriorating security landscape has fueled a surge in commodity prices. West Texas Intermediate (WTI) crude climbed 2.78% to US$67.07 per barrel, while Brent advanced 2.87% to US$72.87 per barrel on Friday (2/27/2026).

Bisnis.com, JAKARTA — Saratoga Group and Garibaldi “Boy” Thohir-backed nickel and gold miners, PT Merdeka Battery Materials Tbk. (MBMA) and PT Merdeka Copper Gold Tbk. (MDKA), saw their stocks surging since early 2026.

Indonesia Stock Exchange data show both counters were aggressively accumulated by foreign investors during trading on Thursday (2/19/2026), with foreign net buy reaching 223.26 million shares for MBMA and 13.86 million shares for MDKA.

Bisnis.com, JAKARTA — Global investment heavyweights are increasingly aligned in their bullish outlook on gold, with a convergence of macroeconomic, monetary, and geopolitical factors reinforcing expectations for further gains through 2026.

BlackRock Inc. recently reiterated its optimistic stance on gold’s forward prospects, with the precious metal poised to gain further luster amid a confluence of supportive factors.

Bisnis.com, JAKARTA — Shares of several publicly-listed gold miners, including ANTM, MDKA, HRTA, and ARCI, soared in tandem with a global rally in gold prices, which are now approaching US$4,440 an ounce.

In its weekly report released on Monday (1/5/2026), the World Gold Council (WGC) noted that gold prices are likely to mirror oil price movements in the short term.

Bisnis.com, JAKARTA — Heading into the close of the 2025 trading year, heavyweight investors have been aggressively accumulating stocks of state-owned miner PT Aneka Tambang Tbk. (ANTM), riding on an increasingly buoyant outlook for gold prices.

Spot gold prices have remained on an upward footing. Bloomberg data show that as of Monday (12/29/2025) at 6:42 p.m. Jakarta time, spot gold was trading at US$4,450 per ounce, down 1.83% on the day.

Bisnis.com, JAKARTA — Several heavyweight investors are expected to close 2025 with by rapidly accumulating stakes in PT Aneka Tambang Tbk. (ANTM), riding the momentum of global gold prices that have soared to a fresh all-time high (ATH).

Prominent institutions such as BlackRock Inc., Goldman Sachs Group, and Dimensional Fund Advisors LP have been seen aggressively snapping up ANTM shares in jumbo volumes throughout the year. Some of these investors even entered the stock for the first time, executing buying sprees that were no less forceful.

Bisnis.com, JAKARTA — New catalysts are sought to be propeller for Antam gold prices to rebound to its all-time high (ATH) in December 2025.

Logam Mulia data on Wednesday (12/17/2025) show that both the price of 1-gram Antam gold and Antam’s buyback price moved higher in tandem.

Bisnis.com, JAKARTA – Global gold prices could climb as much as 30% from current levels in 2026, driven by a scenario of deepening global economic slowdown and escalating geopolitical tension.

The forecast comes from the World Gold Council (WGC) in its newly released Gold Outlook 2026 report, published on Thursday (4/12/2025). The council maps out potential price trajectories, emphasizing that gold’s direction will hinge on shifts in global macroeconomic conditions.

Bisnis.com, JAKARTA – A number of Indonesian gold miners, including ANTM, MDKA, and ARCI, might be affected by the government’s forthcoming export duty on gold commodities.

On Monday (11/17/2025), the shares of MDKA, ARCI, and BMRS declined, while ANTM traded largely unchanged, reflecting investor reaction to the policy outlook.

Bisnis.com, JAKARTA — The surge in global gold prices, which once again surpassing the US$4,000 per troy ounce mark, has reignited optimism across Indonesia’s gold mining sector.

The rally has not only brightened earnings prospects but also boosted the share prices of key players, from state-owned miner Aneka Tambang (ANTM) to private producers like Merdeka Copper Gold (MDKA), Hartadinata Abadi (HRTA), and Archi Indonesia (ARCI), part of Peter Sondakh’s Rajawali Group.

Bisnis.com, JAKARTA — Heavyweight investors, led by BlackRock Inc., are keeping their faith in PT Aneka Tambang Tbk. (ANTM), continuing to scoop up shares even after gold prices slipped from record highs in mid-October.

Gold has regained momentum as U.S. lawmakers inch closer to ending the longest government shutdown in history — a move expected to ease uncertainty around the Federal Reserve’s policy direction.