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Geopolitical Escalation Heats Up, Here's the Gold Price Projection for the Next Week
Gold prices are projected to strengthen again as global geopolitical tensions increase. Quoting Trading Economics, gold prices reach US$ 4,715 per troy ounce, up 2.24% over the week and up 9.17% year-to-date (YTD).
Currency analyst Ibrahim Assuaibi estimates the first support level for global gold prices at US$ 4,520 per troy ounce and precious metals at Rp 2,786,000 per gram in the coming week. If it weakens again, the second support for gold prices is at US$ 4,389 per troy ounce and precious metals at Rp 2,750,000 per gram.
“There’s a possibility that if it weakens next week, the precious metal price will be at Rp 2,750,000 per gram,” said Ibrahim, Sunday (5/10/2026).
Ibrahim continued that if it strengthens, the first resistance for global gold prices next week is at US$ 4,702 per troy ounce and precious metals at Rp 2,866,000 per gram. Then, if it strengthens further, the next resistance is at US$ 4,851 per troy ounce and the likely price of precious metals at Rp 2,900,000 per gram.
“So, when precious metals fall, it’s most likely to be at Rp 2,750,000 per gram next week. Then, if it rises, it could reach a maximum of Rp 2,900,000 per gram,” Ibrahim explained.
Ibrahim said that gold price movements are influenced by ongoing geopolitical sentiments, which remain tense, both in Eastern Europe, between Russia and Ukraine, and in the Middle East. It is mentioned that the US conducted an attack on an Iranian tanker. In response, Iran retaliated by attacking a US destroyer.
Although there was a shootout yesterday, US President Donald Trump still stated that the ceasefire remains in effect, even if fragile.
“There’s a high possibility that gold prices will rise again,” Ibrahim said.