On Tuesday (13/4), the price of gold is predicted to weaken with a support and resistance range of US$1700-US$1750 per troy ounce.

"The market is looking forward to the US consumer inflation data for March which will be released tonight. If the data released is higher than the expectation of 0.5%, the yield has the potential to rise again and the price of gold will be pressured down," said Commodity Observer Ariston Tjendra in Jakarta.

Meanwhile, gold prices were down yesterday due to stronger US treasury yields. The yield is currently around 1.67%.