Indonesians Rush to Gold as Rupiah and Stocks Plunge Amid US Tariff Worries

GOLD - JAKARTA. Hundreds of Indonesians are flocking to buy gold bars, betting that the precious metal's value could shield them from tougher economic times ahead as the currency and the stock market tumble in South East Asia's largest economy.

Indonesia is among dozens of countries affected by U.S. President Donald Trump's tariffs, which took effect on Wednesday and have sent shockwaves through many economies. The rupiah has already hit historic lows, despite central bank intervention.

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