Today's Top 3 News: Lombok Police Shut Down Illegal Gold Mine, Why Do Gold Prices Keep Rising?

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February 1, 2026 | 04:37 pm

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Sunday, February 1, 2026. Here are the highlights: Lombok Police Shut Down Illegal Gold Mine After Collapse Injures 3; Why Do Gold Prices Keep Rising? Here Are the Main Factors; and Prabowo Seeks to Overhaul Himbara Banks' Leadership, Says Minister.

The following is the list of the top 3 news on Tempo English today:

1. Lombok Police Shut Down Illegal Gold Mine After Collapse Injures 3

The Central Lombok Resort Police have shut down an illegal gold mine in Mount Kongbawi, Serage Village, after the quarry collapsed and injured three people.

The South West Praya Police Chief, Second Inspector Aswina, said that one of the victims broke a leg. "It was shut down after the mining hole collapsed, which resulted in three miners getting injured," Aswina said in his written statement on Tuesday, January 13, 2026.

Aswina mentioned that the location of the illegal gold mining was within the production forest area owned by the West Nusa Tenggara Provincial Government. The soil in this area is highly unstable, posing a huge risk of triggering landslides, especially since the excavation is situated around slopes and cliffs.

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2. Why Do Gold Prices Keep Rising? Here Are the Main Factors

After years of steady gains, gold continues to reinforce its reputation as a safe haven and a store of value, especially amid rising geopolitical tensions, trade uncertainties, and instability across global bond and currency markets.

If you're looking to invest, here are some of the key reasons behind the rising price of gold, as cited from Gold Republic, Investopedia, Bankrate and other various sources.

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3. Prabowo Seeks to Overhaul Himbara Banks' Leadership, Says Minister

Indonesian President Prabowo Subianto would replace members of the board of directors of the state-owned banks association (Himbara) who are deemed detrimental to the country.

The statement was conveyed by Defense Minister Sjafrie Sjamsoeddin, stating that the measure is necessary to allow for state-owned banks to work more effectively to bolster Indonesia's economic sovereignty.

"Himbara banks give more credit to big names than small entrepreneurs. Therefore, the President has decided to replace all of Himbara banks' board of directors," said Sjafrie while addressing members of the Indonesian Journalists Association (PWI) who were attending a retreat in Cibodas, Rumpiang, Bogor Regency, West Java, on Saturday.

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Today's Top 3 News: Lombok Police Shut Down Illegal Gold Mine After Collapse Injures 3

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