Bisnis.com, JAKARTA — The surge in global gold prices, which once again surpassing the US$4,000 per troy ounce mark, has reignited optimism across Indonesia’s gold mining sector.

The rally has not only brightened earnings prospects but also boosted the share prices of key players, from state-owned miner Aneka Tambang (ANTM) to private producers like Merdeka Copper Gold (MDKA), Hartadinata Abadi (HRTA), and Archi Indonesia (ARCI), part of Peter Sondakh’s Rajawali Group.

Bisnis.com, JAKARTA — Malaysian-backed multifinance firms are turning to gold as the popular hedge asset hits record highs. They are pivoting from the sluggish auto market and leveraging retail investors’ fear of missing out (FOMO).

PT Wahana Ottomira Multiartha Tbk. (WOMF) or WOM Finance, a Maybank's entity targets disbursements of IDR15 billion in gold financing by year-end. The company is stepping up gold financing offers through promotions, digitalization, and low down payment options.