Jakarta - The gold price on Tuesday (5/10) has the potential to strengthen, triggered by the risk aversion sentiment by market players.

"The decline in US and European stock indices helped increase the price of gold as a safe asset, where risk-averse sentiment helped drive the increase in the precious metal," said Commodity Observer Ariston Tjendra in Jakarta.

Furthermore, fears of rising interest rates reducing corporate profits, new trade tensions between the US and China, as well as supply constraints, and rising energy prices may trigger risk-averse sentiment.

As for today's gold price range has the opportunity to move in the range of US $ 1,745-1,775 per troy ounce.

On the other hand, expectations of a tapering policy in the US are still holding back the gold price hike.

The market is waiting for US employment data to be released later this week to confirm the tapering policy.