GOLDUD closed last week's fluctuations with a slight correction of 0.59% to the level of $ 1,793.60 per Troy Ounce. Despite the broad market mood still favoring gold to remain firm lately, the impact of a rebound in the US Dollar is unavoidable and challenges investors ahead of this week's key data/events. However, the latest foundation for gold prices not to plunge further can be attributed to market concerns about the end of the stimulus policies launched during the pandemic. Also, it should be noted that US stimulus hopes and some of the world's major central banks also appeared in the press, acting as additional catalysts which at least contributed to the foundation for gold prices.
Commodity supercycle became a hot issue at the beginning of 2021. No wonder, because the prices of some key commodities had begun to recover. Find out more on THE SOURCE Issue 20!
The average of ICDX's tin price in October (until October 22) increased 7.48% compared to last month, and an increase of 71.97% compared to the average tin price at the beginning of 2021. The tight supply of tin amid strong market demand has made tin prices continue to move positively. In addition, the global energy crisis has triggered an increase in the basic cost of upstream to downstream sectors, and this condition is expected to persist at least until the end of the year.
The rupiah- denominated crude oil contract COFR closed last week with a another significant strengthening of 2.91% to the level of Rp 1,164,800 per barrel. During the week, oil was seen “comfortably” moving around its highest level since the last three years – capitalizing on key fundamentals headings that correctively affected crude oil supply levels and overall supply.
Mengutip laporan IPCC, Climate Change 2021, pengaruh manusia menyebabkan pemanasan global yang signifikan dan hal ini akan sangat bergantung pada emisi gas rumah kaca atau emisi karbon. Indonesia sendiri telah berkomitmen mengurangi emisi karbonnya.
Menanggapi urgensi akan tindakan terkait perubahan iklim global, dibutuhkan upaya yang efektif dan berskala besar. Emisi gas rumah kaca atau emisi karbon (sering disebut emisi karbon, sebab kandungan yang dominan adalah karbon dioksida) merupakan salah satu kontributor utama pemanasan global. Produksi emisi karbon tidak dapat dihindari untuk saat ini, sebab banyak sekali aktivitas penting manusia yang mengeluarkan emisi karbon. Namun, dampak dan jumlah produksinya dapat dikurangi, salah satunya melalui perdagangan karbon.
Only recorded one daily correction during the past week, the crude palm oil (CPOTR) contract finally closed the week with a weekly increase of 4.80% to the level of Rp 17,045,- per kg. The increase occurred amid a surge in demand for basic commodities such as oil, gas, and coal following expectations of a global economic recovery – which combined with other CPO fundamental factors, to form a strong price foundation.
Gas rumah kaca adalah gas yang menyerap dan memancarkan energi radiasi (energi panas) dalam kisaran inframerah termal. Tingginya gas ini di atmosfer akan menyebabkan efek rumah kaca, seperti ilustrasi berikut.