Gold prices have the potential to be corrected in the range of US$1680-1725 per troy ounce.

Commodity Observer Ariston Tjendra said that the return of US government bond yields, especially 10-year tenors to around 1.72%, has suppressed the movement of gold prices.
"The price of gold still has the potential to decline today with the yield increase," he said in Jakarta on Tuesday (30/3).

The increase in yield was due to rising inflation expectations amid potential economic recovery and the release of US economic stimuli that prompted the transfer of assets to US dollar assets.