The price of gold on Thursday (15/4) trading is estimated to remain stuck below the range of US$1760 per troy ounce and is seen in a consolidation pattern.

"Prices can escape from the consolidation range if they break above the 1760 dollar range per troy ounce with a potential target of 1780 dollars per troy ounce," said Commodity Observer Ariston Tjendra in Jakarta.

Also, the increase in US treasury yields today to around 1.64% put pressure on gold prices.

Pressure could continue tonight if US retail sales data for March show an increase beyond the 5.8% projection.

Improving US economic data could support the strengthening of the US dollar and put pressure on gold prices.