JAKARTA – Oil and gold prices climbed more than 3% in Tuesday's (3/6) trading session.

According to data compiled by IDNFinancials.com, Brent crude oil for August 2025 futures rose to USD 65.16 per barrel as of 2:33 PM Jakarta time.

This marks a 4.49% increase from Monday's (2/6) closing price of USD 62.35 per barrel.

Meanwhile, spot gold prices touched USD 3,392.17 per ounce in the early hours of today, up 3.02% from the end of May, when it closed at USD 3,289.40 per ounce.

Hendriko Gani, Investment Analyst at Stockbit Sekuritas Digital, said that the rise in oil prices reflects easing concerns over a global oil oversupply.

“In addition, the number of active US rigs has declined every week in May, which has also supported oil prices,” Hendriko explained.

The increase in gold prices, he added, was driven by the weakening of the US dollar index (DXY) and lingering global uncertainty.

Hendriko believes the rally in these two major commodities will serve as a short-term positive catalyst for stocks in related sectors, particularly oil and gas as well as gold producers.

“It has the potential to boost companies’ average selling prices (ASP) and profit margins,” he said.

According to Hendriko, stocks that could benefit from the oil price rise include PT Medco Energi Internasional Tbk (MEDC), PT Energi Mega Persada Tbk (ENRG), and PT Raharja Energi Cepu Tbk (RATU).

For gold producers, noteworthy shares include PT Bumi Resources Minerals Tbk (BRMS), PT Merdeka Copper Gold Tbk (MDKA), PT Aneka Tambang Tbk (ANTM), and PT Archi Indonesia Tbk (ARCI). (KR/ZH)