The price of gold on Monday (26/4) has the potential to strengthen in the range of US$1800 per troy ounce amid the weakening US dollar against major currencies.

"The US dollar index is still showing a decline triggered by expectations of global economic recovery," said Commodity Observer Ariston Tjendra in Jakarta.

The yield on 10-year US bonds remained below 1.6%, which could support the strengthening of gold prices.