Seputarkarawang.com - Karawang, World gold prices showed their "fangs" again by surging almost 3 percent at the close of trading Friday (27/3/2026). This sharp increase was triggered by massive buying by investors and "bookies" who took advantage of the momentum of the price correction at the beginning of the week. Based on Refinitiv data, gold is now sitting at US$ 4,492.48 per troy ounce, rising 2.6% in just one day.This price jump is a breath of fresh air after gold previously collapsed 2.8% on Thursday (26/3). Analysts call this condition a golden opportunity for "smart investors". "The recent price decline created an extraordinary opportunity because the market had corrected below the 200-day moving average. This is the best time to add to positions," said Daniel Pavilonis, senior analyst at RJO Futures.
Middle East Conflict & Global Domino EffectGeopolitical uncertainty in the Middle East, especially the heated relations between the United States and Iran, is the main engine driving prices. Despite US President Donald Trump extending the deadline for Iran regarding the Strait of Hormuz, tensions entering their fourth week have triggered a spike in energy prices. World oil is now stuck above US$ 110 per barrel, which automatically increases global inflation and increases the attractiveness of gold as a safe asset (safe haven).Price Projection: Towards a New Record of US$ 5,000Interestingly, large financial institutions such as Commerzbank have actually increased their gold price projections. The target for the end of 2026, which was previously set at US$ 4,900, has now been increased to US$ 5,000 per troy ounce. This optimism is based on expectations that the war will subside in the spring, which has the potential to make the US Central Bank (The Fed) soften its interest rate policy again at the end of the year.Buying Action in Asian MarketsThe decline in prices at the beginning of the week also triggered buying enthusiasm in the physical market, especially in India. Meanwhile, the Turkish Central Bank's gold reserves recorded a significant decline due to the impact of the conflict. In Indonesia, the phenomenon of "low digging" by big players or bookies is allegedly the main cause of the rapid rebound in spot gold prices after touching a four-month low of US$ 4,097.99.For Karawang residents who invest in precious metals, this fluctuation is an important reminder to always monitor global dynamics. With inflation still lurking, gold remains the main choice for maintaining the value of wealth amidst world economic uncertainty in 2026.
