The price of gold on Wednesday's trading (7/4) has the potential to strengthen to around 1750 dollars per troy ounce as the yield on US government bonds, especially in the 10-year tenor, fell.

"The US Treasury yield this morning moved in the range of 1.66%. The previous day, it was in the range of 1.71%," said Commodity Observer Ariston Tjendra in Jakarta, Wednesday (7/4).

According to Ariston, the decline in yields put pressure on the US dollar and still opens up opportunities to strengthen gold prices.