Gold Seen in Pressures as US Treasury Yield Rise
The price of gold on Friday's trading (5/3) has the potential to fall in the range of US$1,650-1,730 per troy ounce as the US government bond yields continue to rise, especially the 10-year tenor.
Expectation for Economic Recovery May Depress Dollar
In general, gold prices on Thursday (4/3) have the potential to experience correction by moving to the position of 1,680-1,740 US dollars per troy ounce.
Gold Seen Falling as US Dollar Strengthens
The strengthening of the US dollar may trigger a decline in gold prices in line with improving US manufacturing activity.