Antam Gold Extends Rally as Global Market Sees Profit-Taking - Jakarta Globe

Local Indonesian gold (Antam) is extending a rally even as the global market sees profit-taking, pointing to strong domestic demand and/or local currency effects. Tradeable implication: divergence between local premiums and global spot can signal tight retail supply, FX-driven hedging demand, or distribution constraints. If IDR weakness is a driver, local gold can remain bid despite softer USD gold; if global profit-taking deepens, local strength may fade unless FX continues to deteriorate. Useful for monitoring regional physical demand/premiums rather than COMEX positioning.