The price of gold on Thursday (6/5) trading has the potential to be limited to around US$1,795 per troy ounce.

Commodities Observer Ariston Tjendra said the US economic data released last night, namely the employment data from the ADP and service sector PMI data which below market expectations, helped push the US dollar index down and supported the strengthening of gold prices.

"The potential for strengthening seems to be maintained today limited to around US$1,795 per troy ounce, especially if the US unemployment benefit claims data released tonight is also worse than market expectations," he said.

He added that the market will still be waiting for important US data at the weekend, namely the government's version of non-farm payrolls employment data.