ASIATODAY ID, JAKARTA – Indonesian gold mining stocks surged sharply on Monday after the arrest of Venezuelan President Nicolas Maduro by the United States triggered a spike in global gold prices, reinforcing bullion’s role as a safe-haven asset amid escalating geopolitical tensions.
Spot gold prices jumped more than 1% on January 5, 2026, briefly reaching a fresh record high of US$4,383.99 per troy ounce, as investors rushed to hedge against rising global uncertainty following the dramatic escalation between Washington and Caracas.
Gold is widely regarded as a defensive asset during periods of geopolitical turmoil and economic instability. The arrest of Maduro intensified risk-off sentiment across global markets, driving capital flows into precious metals and related equities.
The rally quickly spilled over into the Indonesian stock market. By 09:35 a.m. Jakarta time, shares of PT Hartadinata Abadi Tbk (HRTA) led the sector’s gains, soaring 11% to Rp2,390 per share. PT Bumi Resources Minerals Tbk (BRMS) climbed nearly 10% to Rp1,295, while PT Archi Indonesia Tbk (ARCI) advanced more than 7% to Rp1,765.
Other gold-related stocks also posted solid gains. PT J Resources Asia Pacific Tbk (PSAB) rose 4.5% to Rp580, and state-owned miner PT Aneka Tambang Tbk (ANTM) jumped over 4% to Rp3,340 per share. Meanwhile, PT Merdeka Copper Gold Tbk (MDKA) and PT Amman Mineral Internasional Tbk added around 3% and 2%, respectively.
In contrast, shares of PT United Tractors Tbk (UNTR) traded flat, reflecting its primary exposure to coal mining despite operating gold assets under the Astra Group.
Over the weekend, US forces conducted a military operation in Venezuela that resulted in the capture of President Maduro. US authorities said Maduro and his wife, Cilia Flores, were flown to New York to face charges including narco-terrorism conspiracy and other organized crimes, alleging that drug trafficking had enriched and strengthened Venezuela’s political and military elite.
The escalation also pressured global energy markets. Oil prices initially declined as investors weighed the potential impact on supply from Venezuela, one of the world’s most oil-rich nations.
Brent crude fell more than 1% before trimming losses to trade about 0.25% lower, while West Texas Intermediate (WTI) slipped around 0.4%.
Venezuela, a founding member of OPEC, holds the world’s largest proven crude oil reserves at approximately 303 billion barrels, or about 17% of global reserves, according to the US Energy Information Administration.
With geopolitical risks expected to remain elevated, analysts see gold prices staying in a bullish trend, while Indonesian gold mining stocks are likely to remain attractive to investors seeking defensive exposure amid ongoing global uncertainty. (AT Network)
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