#CryptoMarketSeesVolatility

Geopolitics Heating Up, Gold and US Dollar Price Movements Becoming More Unstable

The global financial market movements in the last week of April 2026 are still expected to be overshadowed by high uncertainty, as geopolitics heat up, the direction of US monetary policy (US), and commodity price fluctuations.

Currency and commodity analyst, Ibrahim Assuaibi, predicts the US dollar index will move around 96.60 with resistance levels at 102.50 next week.

On the other hand, gold prices still show high volatility. On Friday (24/4), global gold prices closed at US$ 4,709 per troy ounce. Meanwhile, Antam-certified bullion gold prices on Sunday (26/4/2026) were recorded at Rp 2,825,000 per gram.

Ibrahim estimates that if gold prices correct downward, the first support level is at US$ 4,651 per troy ounce with domestic gold prices around Rp 2,800,000 per gram. The next support is projected at US$ 4,520 per troy ounce with prices at Rp 2,790,000 per gram.

Conversely, if gold prices strengthen, the first resistance level is estimated at US$ 4,779 per troy ounce with Antam gold at Rp 2,865,000 per gram. Further resistance is expected at higher levels as global uncertainty increases.

Externally, tensions in the Middle East are one of the main drivers of market volatility.

The conflict involving the US and Iran increases the risk of energy supply disruptions, especially in the strategic Strait of Hormuz.

The situation is becoming more complex despite discussions of negotiation meetings between the two countries.

Strong statements regarding possible military actions by both nations and incidents of Iran tanker ship seizures further increase uncertainty in the global market.

If escalation continues, this condition could disrupt the global oil supply chain, push energy prices higher, and increase global inflationary pressures.

On the policy side, the market is also watching the direction of the US Federal Reserve amid domestic political dynamics.

Changes in the composition of strategic officials are believed to influence foreign and monetary policy directions.

If US monetary policy tends to tighten amid inflationary pressures caused by rising energy prices, this condition could strengthen the US dollar while restraining the rise in gold prices.

However, on the demand side, the trend of gold accumulation by BRICS countries becomes a supporting factor.

This step is taken as an effort to diversify foreign exchange reserves amid prolonged global uncertainty.

Thus, when precious metal prices decline, it is the best opportunity for BRICS member central banks to build their wealth by purchasing precious metals.

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