Gold Price Seen in Pressure on Stronger Dollar Index


The price of gold has the potential to experience pressure on Tuesday (27/4) due to the strengthening of the US dollar index.

"But the pressure may not be too deep, because the market is waiting for the outcome of the US Central Bank's policy meeting which will be released on Thursday morning," said Commodity Observer Ariston Tjendra in Jakarta.

There is a potential decline to the range of 1760 dollars per troy ounce, with resistance at 1,785 dollars per troy ounce.

"Tonight, the data on the level of US consumer confidence in April can be a suppression for the price of gold, if the data released is better than expected. Good data shows the potential for economic recovery in the US which could encourage the strengthening of the US dollar," he said.


Penulis : Widya