The price of gold on trading Wednesday (16/6) was still overshadowed by the vigilance of market players regarding the results of the US Central Bank's monetary policy meeting to be released on Thursday morning.

"The market is wary of the possibility that the US Central Bank will start discussions about reducing the purchase of US bonds as a form of monetary tightening due to the sharp increase in inflation in the US. This has put pressure on gold prices," said Money Market Observer Ariston Tjendra in Jakarta.

The gold price is estimated to move in the range of US$1,845-US$1,900 per troy ounce.