Gold Prices Plunge Today, Friday Feb 13: US Labor Data Impact

Gotrade News - Gold prices took a massive hit globally today, sending shockwaves through the market and dragging domestic Antam prices down significantly. The sharp correction comes as hot US economic data shattered market expectations regarding the Federal Reserve's next move.

This drop is a major wake-up call for investors, as gold had just tested new psychological highs before succumbing to heavy selling pressure. Traders are now anxiously awaiting further economic confirmation to see if this is just a dip or the start of a bearish trend.

Key Takeaways:

• Antam gold prices slumped by IDR 43,000 per gram, tracking global gold's fall below the US$5,000 mark.

• Robust US labor data sparked fears that the Federal Reserve will delay interest rate cuts.

• Investors are now locked in on today's US inflation data release to gauge the next price direction.

Antam Logam Mulia prices tanked by IDR 43,000 to IDR 2,904,000 per gram during Friday's trading session (13/02). This steep drop pushes the physical gold price dangerously close to the psychological support level of IDR 2.8 million per gram.

Below is the detailed price list for Antam Logam Mulia gold bars for today's trading session.

Selling pressure was even more brutal on buyback prices, which plunged deeper by IDR 53,000 per gram. According to data from the official Logam Mulia site, the buyback rate now sits at IDR 2,688,000 per gram.

The domestic slump is a direct reaction to global spot gold crashing through the US$5,000 per troy ounce floor. The Economic Times reported spot prices diving as much as 4% to US$4,880 before staging a mild recovery.

The main catalyst for this sell-off was the US jobs report, which showed Nonfarm Payrolls jumping by 130,000 in January. The data also highlighted a dip in the unemployment rate to 4.3%, indicating the labor market remains incredibly resilient.

A robust US economy reinforces the narrative that the Federal Reserve isn't in a rush to pivot or slash rates anytime soon. Higher-for-longer rates are typically kryptonite for non-yielding assets like gold, dampening its appeal against the dollar.

Profit-taking also fueled the fire as investors liquidated positions to cover losses in other asset classes. This "risk-off" mood is rippling across markets, a sentiment often mirrored by major benchmarks like the SPY.

It wasn't just gold feeling the pain; silver got absolutely hammered, shedding nearly 10% of its value. The grey metal faced intense volatility and heavy selling, significantly underperforming its yellow cousin during the session.

All eyes are now locked on the US inflation data due today to hunt for clues on the market's next move. Peter Grant, a senior analyst at Zaner Metals, noted that if inflation cools down, bets on a rate cut might get a second wind.

Despite the ugly price action, some analysts remain bullish on gold's long-term prospects, citing continued central bank accumulation. However, expect choppy waters in the short term until the Fed's policy path becomes clearer.

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Reference:

• CNBC, Obral Jumbo! Harga Emas Antam Logam Mulia Hari ini Ambruk Rp 43.000. Accessed on February 13, 2026

• The Economic Times, Why is gold price down by 3% and will it go below $4,900 or rise again? Spot gold drop, analysts insights and market outlook explained. Here's what should investors do now. Accessed on February 13, 2026

• Featured Image: Shutterstock