Gold prices on Thursday (15/7) have the opportunity to strengthen as market players hunt for safer assets.

"Market concerns about the increase in new cases of COVID-19 in various countries in the world encourage investors to look for safe assets, including gold," said Commodity Observer Ariston Tjendra in Jakarta.

Meanwhile, spot gold prices managed to strengthen significantly in yesterday's trading compared to trading in recent days due to the attitude of the US central bank and the increase in COVID-19 cases in the world.

Gold prices rose around $ 20 or about 1.1% and closed in the range of $ 1827 per troy ounce.

Overnight the Fed Governor Jerome Powell confirmed that the US Central Bank will not change its monetary easing policy.

The central bank sees that labor conditions in the US have not yet reached the desired situation and that rising inflation will moderate in the future. The US dollar moved lower with Powell&