On Friday (21/5), the gold price has the potential to rise as a result of the easing of pressure from an increase in the yield on 10-year US government bonds and a decrease in the US Dollar Index.

"The gain may be modest because the market continues to expect the Fed to tighten monetary policy faster than previously anticipated," said Commodity Observer Ariston Tjendra in Jakarta.

As for tonight, market participants are also anticipating survey data on US manufacturing activity for May.