Gold Prices Nosedive Today: Is This "Peak Euphoria"?

Gotrade News - Gold prices took a sharp hit in both global and domestic markets today, Friday (Jan 30). This decline was triggered by massive profit-taking after the precious metal touched new record highs.

You need to stay sharp—volatility in the US stock market is forcing sudden liquidations of safe-haven assets. This signals a significant shift in short-term sentiment amidst ongoing global economic uncertainty.

Key Takeaways:

• Domestic gold prices in Indonesia dropped significantly, mirroring the crash in global spot prices.

• The global gold market recorded its worst daily drop since October 2025 due to aggressive profit-taking.

• A correction in US tech stocks forced investors to liquidate gold to cover losses in their equity portfolios.

The drop in domestic prices was evident in Antam's gold bar trading this morning. The price for a 1-gram Antam gold bar is now listed at Rp3,120,000, down Rp48,000 from the previous day.

Meanwhile, the buyback price also slumped by Rp50,000 to Rp2,939,000 per gram. You can check the full details of today's price changes and a comparison with Galeri 24's buyback prices in the table below.

"Peak Euphoria" Signal in Global Markets

In the international market, spot gold prices crashed by up to 6% in a single trading session. Bloomberg noted this as the worst intraday drop for gold since October 2025.

Phil Streible from Blue Line Futures called this a sign that the market has hit "peak euphoria." Investors are aggressively cashing out after gold’s relentless rally throughout the month.

The main trigger for this sell-off was the rout in the US stock market, led by the tech sector. Microsoft shares tumbled 12% amid investor concerns over slow returns on AI investments.

Panic in the S&P 500 often forces investors to sell other assets, including gold, to raise cash. This phenomenon dragged gold and silver prices down alongside major stock indices.

Long-Term Outlook Remains Solid

Despite the sharp correction, the monthly trend for gold is still firmly positive. Gold is on track for its best monthly performance since the 1980s, boasting gains of around 24%.

UBS has even raised its gold price forecast for the first three quarters of 2026 to US$6,200 per ounce. However, they warned of a potential pullback to US$5,900 by the end of the year.

Geopolitical tensions between the US and Iran are also acting as a floor, preventing prices from falling further. President Donald Trump recently urged Iran to return to nuclear talks, adding a layer of global uncertainty.

Institutional interest in physical gold remains robust despite current price volatility. Crypto firm Tether announced plans to allocate a portion of its portfolio to physical gold bars.

Additionally, holdings in SPDR Gold Trust, the world’s largest gold ETF, have increased. Their asset holdings are now at their highest level in nearly four years.

For retail investors, this correction could be a gut check or an attractive entry point. However, analysts advise against chasing prices while volatility is this high.

Asset diversification remains key when dealing with extreme market moves like these. Don't put all your eggs in one basket, especially when volatility is spiking.

Gold Investment Alternative via Miners

If you want to ride the gold momentum but with a different upside potential, consider mining stocks. Gold mining stocks often move more aggressively than the physical commodity itself.

VanEck Gold Miners ETF (GDX) gives you instant access to the world’s largest gold mining companies. It's an efficient way to diversify your gold exposure without the hassle of storing physical bullion.

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Referensi:

• Bisnis, Harga Emas Antam Hari Ini (30/1) Turun Rp48.000, Dibanderol Rp3,12 Juta per Gram. Accessed on January 30, 2026

• The Nation Thailand, Global gold prices drop as investors cash in after surge. Accessed on January 30, 2026

• Live Mint, Gold price crashes 6%, silver 8% as sudden selloff grips precious metals: What's behind the fall? Explained. Accessed on January 30, 2026

• Featured Image: Shutterstock