Gold Prices Drop 13%, Investors Advised to Accumulate Through Dollar-Cost Averaging
Gold prices have declined sharply in recent weeks, prompting market analysts to recommend gradual accumulation strategies as long-term fundamentals for the precious metal remain supportive.
According to Trading Economics data on Thursday, June 11, spot gold traded at $4,095 per troy ounce, marking a 13.31% decline over the past month and a 5.38% loss year-to-date (YTD).
Indonesia's benchmark gold product, Antam-certified bullion produced by PT Aneka Tambang Tbk, also extended its decline on Thursday.
Based on data from Logam Mulia, the price of one gram of Antam gold fell to Rp2,689,000, down Rp24,000 from Wednesday's level of Rp2,713,000 per gram.
Gold Correction Seen as Healthy Market Consolidation
Sutopo Widodo, President Commissioner of HFX International Berjangka, believes the recent correction in Antam gold prices—currently trading between Rp2.68 million and Rp2.71 million per gram after reaching a record high of Rp3.16 million—represents a normal and healthy consolidation phase within the global commodities market.
Despite the recent pullback, Widodo remains optimistic about gold's medium- and long-term outlook.
Several key factors continue to support bullion prices, including expectations surrounding global interest rate policies, persistent geopolitical tensions, and ongoing reserve diversification efforts by central banks worldwide.
"In addition, domestic factors such as rupiah volatility against the U.S. dollar will provide a strong buffer, preventing local gold prices from falling too deeply," Widodo said on Thursday.
Dollar-Cost Averaging Recommended for Investors
With gold prices correcting by approximately 16% from recent highs, Widodo recommends that investors adopt a Dollar-Cost Averaging (DCA) strategy by purchasing gold gradually over time.
This approach allows investors to avoid the psychological pressure of trying to identify the exact market bottom while helping build a more balanced average acquisition cost.
As a long-term hedge against inflation and a tool for preserving purchasing power, gold investments require patience and discipline.
Widodo advised investors to avoid panic selling and maintain a long-term investment horizon of three to five years.
Antam Gold Price Forecast for 2026
Looking ahead, gold prices are expected to move through two critical phases during the remainder of 2026.
During the first half of the year, Antam gold prices are likely to remain in a consolidation phase, testing a strong support range between Rp2.68 million and Rp2.73 million per gram.
However, conditions could improve significantly during the second half of 2026 as global central banks potentially shift toward monetary easing and geopolitical risks continue to support safe-haven demand.
Widodo projects that Antam gold prices could rebound toward the Rp2.9 million to Rp3.1 million per gram range by the end of 2026.
Long-Term Gold Outlook Remains Positive
Although gold has experienced a significant correction in recent weeks, analysts view the decline as a temporary adjustment rather than a reversal of the broader bullish trend.
For long-term investors, gradual accumulation during periods of weakness may provide an attractive opportunity to build positions ahead of a potential recovery driven by lower interest rates, geopolitical uncertainty, and continued demand for safe-haven assets.