Jakarta. Antam’s gold prices slipped on Friday as global investors reassessed the likelihood of a December rate cut by the US Federal Reserve.

Antam’s benchmark gold price fell Rp 4,000 to Rp 2,383 million ($143.15) per gram, according to Logam Mulia data.

The metal last hit an all-time high of Rp 2,487 million per gram on October 21.

The buyback rate also eased Rp 4,000 to Rp 2,244 million per gram.

Antam Gold Price (Friday, Nov. 28):

• 0,5 gram: Rp 1,241,500
• 1 gram: Rp 2,383,000
• 2 gram: Rp 4,706,000
• 3 gram: Rp 7,034,000
• 5 gram: Rp 11,690,000
• 10 gram: Rp 23,325,000
• 25 gram: Rp 58,187,000
• 50 gram: Rp 116,295,000
• 100 gram: Rp 232,512,000
• 250 gram: Rp 581,015,000
• 500 gram Rp 1,163,820,000

On the global market, gold weakened on Thursday after briefly hitting its highest level in nearly two weeks.

Goldprice.org showed the spot price at $4,157.44, down 10.21 points (-0.25 percent) as of Nov. 27, 9:36 p.m. New York time.

The metal has dropped around 5 percent since touching a record $4,381.21 on October 20, though it continues to hold above the $4,000 psychological mark.

Mixed signals from Federal Reserve officials have spurred increased hedging activity in swaptions and short-term rate derivatives.

Kevin Hassett, seen as a leading contender to replace Jerome Powell, has aligned with President Donald Trump in supporting rate cuts. Comments this week from San Francisco Fed President Mary Daly and Fed Governor Christopher Waller further lifted rate-cut expectations.

CME FedWatch now places the probability of a December rate cut at 85 percent, jumping from 30 percent a week earlier.

Lower interest rates generally boost demand for gold, a non-yielding asset that tends to shine when borrowing costs ease.