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- Gold stocks are seeing windfall from the precious metal’s rally as global gold prices surged 61.03% last Friday (17/10) to $4,251.45 per troy ounce. During the week, gold had also touched a new record high of $4,392.

According to a Stockbit Sekuritas report released on October 15, gold stocks will likely see a boon from the rally. The report, which mapped out 12 gold stocks with two different business models, noted that the 61% year-to-date (YtD) jump in gold price is poised to fuel investor appetite.