The price of gold is still showing potential upside by moving in the range of US$1,825-1,850 per troy ounce.

"Technically, there has not been a deep correction in the movement of gold prices after the big increase at the end of last week," said Commodity Observer Ariston Tjendra in Jakarta.

However, currently, there are market concerns about rising inflation in the US.

On the one hand, inflationary concerns could push the yield on the 10-year US bond, which began to hit again above the 1.60% range.