The price of gold on Thursday (24/6) is predicted to remain under pressure as the market is still worried about the possibility of a faster-than-expected increase in the US benchmark interest rate.

"Last night several top officials of the US Central Bank still voiced the potential for an increase in the US benchmark interest rate which was faster than previously projected because the rising inflation, although temporary, will last for a longer time. These comments pushed the US dollar to strengthen and pressured gold prices, "said Commodity Observer Ariston Tjendra in Jakarta.

The potential for the weakening of gold prices is still towards support at US$1,760 per troy ounce, while the potential for a rebound is towards resistance at US$1,790 per troy ounce.

According to Ariston, there will be essential data from the US that the market will pay attention to, namely data on weekly jobless claims.

"If this data shows improvement, t