On Tuesday's trading (9/3) the price of gold is seen under pressure by moving in the range of US$1650-1720 per troy ounce, triggered by high yields on US government bonds, especially long-term tenors, which put pressure on the precious metal prices.

"The plan to release a large US$1.9 trillion stimulus has boosted yields on US government bonds due to expectations of economic recovery and rising inflation in the country," said Commodity Observer Ariston Tjendra in Jakarta, Tuesday (9/3).

This increase in yield made the US dollar more attractive and pushed down the price of gold valued in US dollars.

This morning, the 10-year tenor US government bond yield was still at a high level of around 1.57%, although it had already undergone a correction.

This condition still has the opportunity to push down the price of gold. The shifting of market interest to stock assets in anticipation of the release of a stimulus that could stimulate economic recovery also can push down the price of gold.