Jakarta - The spot gold price on Tuesday (24/8) has the potential to rise, backed by the easing of tapering concerns following the release of US economic data yesterday night, specifically survey data on US manufacturing and service sector activity which was lower than market forecasts.

"This weak data is allegedly due to the increase in COVID-19 cases due to the delta variant in the US," said Commodity Observer Ariston Tjendra in Jakarta.

Technically, today's gold price is expected to advance to around $1,815 per troy ounce as long as support at $1,790 per troy ounce persists.

Meanwhile, a break below US$1,790 per troy ounce opened weakness towards US$1,770 per troy ounce.