JAKARTA — Indonesian gold miners enjoyed profit surges last year and are eyeing further earnings boosts in 2025 as global economic uncertainties are driving investors toward safe-haven assets, repeatedly shattering the record price of the precious metal.
Gold prices reached 40 new records last year, averaging at $2,386 per ounce, 23% higher than 2023, according to the World Gold Council. This year so far, prices have continued to hit new highs. Spot and futures prices touched $3,500 per troy ounce on Tuesday, a new all-time high, as U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell rattled traders.
