The price of gold on Wednesday trading (14/4) has the potential to strengthen to the range of US$1760 per troy ounce, triggered by corrected US treasury yields.

Commodities Observer Ariston Tjendra said the correction in US treasury yields was triggered by US consumer inflation data for March, the increase of which did not worry the market.

"The movement of Treasury yields is inversely proportional to the price of gold recently. US treasury yields were corrected yesterday by about 3% to the 1.61% area," he said in Jakarta.

On the other hand, this week's good US government bond auction results also helped lower yields.