Jakarta, CNBC Indonesia - Gold has become one of the assets with the brightest performance this year, amid a corona virus pandemic (Covid-19) that has made the global economy plummet into a recession.

Naturally, gold is a safe haven (safe haven) which is an investment target when economic conditions are uncertain.

However, the gold journey was not smooth in semester I-2020, world gold experienced a massive sell-off in March to become negative year-to-date (YTD). But after that, this precious metal climbed again. On June 30, world gold was at the level of US $ 1,780.66 / troy ounce, posting a 17.38% gain during semester I.

The strengthening is relatively good, but it is still less brilliant than Antam's gold. The price of gold bars produced by PT Aneka Tambang Tbk. it shot 20.63% or Rp 147,120 / gram.

At the end of semester I-2020, the price of Antam's 100 gram gold bar which is usually used as a reference is priced at Rp 86,012,000 / stem or Rp 860,120 / gram.
Read: US Economy Towards Resurrection, What Is the Fate of Gold?

The rate of increase in the price of gold is predicted to still not be stopped. Entering the second half of 2020, the world price of gold has not accelerated yet, and is held below US $ 1,800 / troy ounce.

However, the price of world gold will eventually be predicted to pass that level.

Ole Hansen of Saxo Bank in research quoted by CNBC International said that gold was still moving in the range of US $ 1,700 / troy ounce after experiencing wild movements in April.

Gold has not yet been able to go up as fast as in April, but Hansen said that the patient investors will reap big results in the third quarter of 2020.

Meanwhile, renowned investment bank Goldman Sachs, which recently raised its gold price target. In the next 3 months Goldman predicts that the price of gold will reach US $ 1,800 / troy ounce, then in the next 6 and 12 months it will reach US $ 1,900 and US $ 2,000 / troy ounce.

When world gold prices strengthen again, Antam's gold prices will tend to follow.