The gold price on Tuesday (29/6) is predicted to consolidate in the range of US$1,770-US$1,790 per troy ounce.

"The market is still waiting for the release of US employment data on Friday evening. This data will provide clues on the possible direction of the US Central Bank's policy going forward. A good result, above market expectations, could boost the US dollar and pressure gold prices," said commodity analyst Ariston Tjendra in Jakarta.

In addition, the market is still overshadowed by expectations of US monetary tightening due to rising US inflation that exceeds the target.

Tonight the US will release data on consumer confidence levels that could be a market mover for gold prices. A positive result, which means the US economy is improving, can encourage the strengthening of the US dollar and depress gold prices.