RRI.CO.ID, Jakarta - Indonesia’s financial markets continued to weaken as global tensions increased. Gold prices are mirroring declines in other assets.

Bank Indonesia reported inflation of 0.41% month-on-month in the latest data release. The country also recorded a $1.28 billion trade surplus in February, which is a tailwind for the economy.

However, the IHSG opened lower at 7,153 in morning trading, Thursday, 2 April 2026. This followed declines across most Asian stock markets.

Market sentiment turned cautious due to rising tensions in the Middle East. The President of the United States said the war could end, but also warned of severe military action in the next two to three weeks.

These statements drove stock markets lower into negative territory. Meanwhile, global oil prices moved lower, trading between $100 and $102 per barrel.

The rupiah continued to weaken, trading near 16,990 per US dollar. This came as the US Dollar Index strengthened to around 99.88.

Gold prices fell to about $4,693 per troy ounce, or roughly 2.57 million rupiah per gram. This was atypical, as gold typically moves differently from oil during uncertain times.

Investors await pivotal US economic data and signals from the Federal Reserve. They are also monitoring developments in the Iran–US conflict.

Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)