The US Central Bank's affirmation to keep interest rates low and the bond purchase program to stimulate the US economy triggered a strengthening in gold prices.

"Today the gold price still has the potential to strengthen with this sentiment. The potential for strengthening to the range of US$1790 per troy ounce, while the important support is in the range of US$1724 per troy ounce," said Commodity Observer Ariston Tjendra in Jakarta, Thursday (18/3). ).

At the press conference held this morning, the Fed countered raising the benchmark interest rate this year. The Fed is projecting US GDP growth at 6.5 percent this year and US inflation at 2.2%. But the Fed will not rush to tighten monetary policy.

On the other hand, the weakening US dollar also contributed to the strengthening of gold prices.