Research & Stock Picks

Company Reports

24 February 2025

By

Gold Weekly (17 – 21 February 2025): Avg. USD 2,928/oz (+0.8% WoW)

Recent Catalysts Driving the Price

  • In the last five trading days, average gold prices edged up +0.8% WoW to USD 2,928/oz (from USD 2,904/oz), still near its all-time-high of USD 2,953/oz, while the DXY Index moved down to USD 106.8 (-0.8% WoW). Gold briefly corrected to USD 2,897/oz, before up-trending again, reaching USD 2,900/oz on Tuesday.
  • Escalating geopolitical tensions, particularly between the US, Ukraine, and Russia, heightened market uncertainty. Sweeping tariffs imposed by President Donald Trump fuelled trade war concerns, driving investors toward safe-haven assets. Additionally, central bank gold purchases remained strong, with PBoC adding 5 tons in January 2025, bringing reserves to 2,285 tons.
  • We retain our FY25 gold price forecast of USD 2,800/oz (YTD: USD 2,785/oz), backed by higher gold demand and unstable global economic outlook. Stock-wise, BRMS remains our top pick (TP IDR 500; USD 26.4/ton EV/Reserve FY25F), thanks to solid earnings outlook and substantial untapped assets potential.

Share This:

emas menguat

Download PDF

Download PDF

UPDATE_Gold_Weekly_20250224

Download PDF

UPDATE_Gold_Weekly_20250224

More Related

Morning Briefs

Mar 12, 2026

Economic Reports

Mar 12, 2026

Morning Briefs

Mar 11, 2026

Economic Reports

Mar 11, 2026

Morning Briefs

Mar 10, 2026

Economic Reports

Mar 10, 2026

Morning Briefs

Mar 9, 2026

Economic Reports

Mar 9, 2026

Morning Briefs

Mar 6, 2026

Economic Reports

Mar 6, 2026

Morning Briefs

Mar 5, 2026

Economic Reports

Mar 5, 2026

Morning Briefs

Mar 4, 2026

Economic Reports

Mar 4, 2026

Morning Briefs

Mar 3, 2026

Economic Reports

Mar 3, 2026

Economic Reports

Mar 2, 2026

Economic Reports

Mar 2, 2026

Economic Reports

Mar 2, 2026

Morning Briefs

Mar 2, 2026

Economic Reports

Mar 2, 2026

Morning Briefs

Feb 27, 2026

Economic Reports

Feb 27, 2026

Morning Briefs

Feb 26, 2026

Economic Reports

Feb 26, 2026

Morning Briefs

Feb 25, 2026

Economic Reports

Feb 25, 2026

Economic Reports

Feb 24, 2026

Morning Briefs

Feb 23, 2026

Economic Reports

Feb 23, 2026

Morning Briefs

Feb 20, 2026

Economic Reports

Feb 20, 2026

Economic Reports

Feb 19, 2026

Morning Briefs

Feb 19, 2026

Economic Reports

Feb 19, 2026

Morning Briefs

Feb 18, 2026

Economic Reports

Feb 18, 2026

Morning Briefs

Feb 13, 2026

Economic Reports

Feb 13, 2026

Morning Briefs

Feb 12, 2026

Economic Reports

Feb 12, 2026

Morning Briefs

Feb 11, 2026

Economic Reports

Feb 11, 2026

Economic Reports

Feb 10, 2026

Morning Briefs

Feb 9, 2026

Morning Briefs

Feb 6, 2026

Economic Reports

Feb 6, 2026

Economic Reports

Feb 5, 2026

Morning Briefs

Feb 5, 2026

Economic Reports

Feb 5, 2026

Morning Briefs

Feb 4, 2026

Economic Reports

Feb 4, 2026

Economic Reports

Feb 3, 2026

Economic Reports

Feb 2, 2026

Economic Reports

Feb 2, 2026

Economic Reports

Feb 2, 2026

Morning Briefs

Feb 2, 2026

Morning Briefs

Jan 30, 2026

Economic Reports

Jan 29, 2026

Morning Briefs

Jan 29, 2026

Economic Reports

Jan 29, 2026

Morning Briefs

Jan 28, 2026

Economic Reports

Jan 27, 2026

Company Reports

Jan 26, 2026

Company Reports

Jan 26, 2026

Company Reports

Jan 26, 2026

Morning Briefs

Jan 26, 2026

Economic Reports

Jan 26, 2026

Morning Briefs

Jan 23, 2026

Economic Reports

Jan 23, 2026

Morning Briefs

Jan 22, 2026

Economic Reports

Jan 22, 2026

Economic Reports

Jan 21, 2026

Morning Briefs

Jan 21, 2026

Economic Reports

Jan 21, 2026

Economic Reports

Jan 20, 2026

Company Reports

Jan 19, 2026

Morning Briefs

Jan 19, 2026

Economic Reports

Jan 19, 2026

harga cpo meningkat

Company Reports

Jan 15, 2026

Morning Briefs

Jan 15, 2026