CPOTR price movements decreased within a week to IDR 12,915/Kg due to market expectations of a decline in export performance amidst a decline in palm oil supplies.

Gold prices strengthened to $2,437.19 per Troy Ounce compared to the previous week due to the impact of increased speculation of a Fed rate cut in September as well as the escalation of geopolitical tensions between Israel and other countries in the Middle East region.

The price of crude oil contracts traded on the ICDX throughout the third week of July closed lower, falling below the level of $ 80 per barrel burdened by sentiment from the escalation of tensions between China and the EU that continues. In addition, other market focus is also on the uncertainty of the direction of the US interest rate decision, the stimulus steps of the Chinese central bank, and geopolitical developments in the Middle East.

The price movement of CPOTR decreased during the week to IDR 12,680/Kg due to expectations of abundant production and pressure from competing vegetable oils.

Gold prices strengthened to $2,388.88 per Troy Ounce compared to the previous week due to the impact related to increased speculation of Federal Reserve (Fed) rate cut in September that further weakened the US Dollar as well as US nonfarm payrolls that increased by 206,000 jobs compared to last month, according to the Labor Department report.

The price of crude oil contracts traded on ICDX throughout the week ending June 21 was observed to move steadily and closed slightly higher by 0.05%. Some of the sentiments that became the focus of the market include the geopolitical situation in the Middle East, especially regarding the war in the Gaza Strip and the escalation of tensions between Israel and Hezbollah, economic growth in China, and expectations of US interest rate policies.

The CPOTR price movement decreased within a week to IDR 11,495/Kg due to the decline in prices of other vegetable oils. When the price of soybean oil is cheaper, the profits from using CPO are reduced because these two commodities can replace each other. Additionally, the release of increasing and decreasing Malaysian CPO production put pressure on prices.

Gold price weakened to a figure of $2291 compared with Sunday Then consequence uncertainty and volatility market, although expectations will pruning ethnic group interest by the American central bank which was followed by a cooling trend global economy as well level request still gold classified is at a high level guard price gold .