On Wednesday (30/6), gold prices were still under pressure due to expectations of a change in US monetary policy towards a tighter direction.

"Last night, data on the level of US consumer confidence in June triggered the decline in gold prices. The data released was better than market expectations indicating a recovery in the US economy," said Commodity Observer Ariston Tjendra in Jakarta.

He explained that the rapid economic recovery in the US would support the change in monetary policy towards a tighter direction.

In addition, the market is still waiting for US employment data to be released on Friday this week and expects this data to be better than projected.

Good US employment data will confirm the potential tightening of US monetary policy soon.

Tonight will be the release of US employment data for the month of June version of the private company Automatic Data Processing (ADP). Better-than-expected data could push go