The price of gold has not moved from the current consolidated range of 1720-1750 dollars per troy ounce.

Commodity Observer Ariston Tjendra said the easing of downward pressure on gold prices due to corrected US government bond yields helped keep gold prices in a close range.

"On the other hand, expectations of US economic recovery have also helped to hold back the rate of rising gold prices due to the strengthening of the US dollar," he said in Jakarta on Thursday (25/3).

US 10-year yield has been corrected for the last three days. Currently, it is in the range of 1.61%. This helps the gold price not drop deeply.

Meanwhile, last night, the Governor of the US Central Bank Jerome Powell and US Finance Minister Janet Yellen, in a hearing in the US Senate, showed confidence in the US economic recovery. This expectation prompted the strengthening of the US dollar, thus inhibiting the increase in gold prices.