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    Home » Gold prices rebound after yesterday’s fall

    Gold prices rebound after yesterday’s fall

    May 13, 2025
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    *Gold nuggets

    Lagos — Gold prices rebounded on Tuesday after a sharp decline in the previous session. Optimism over a temporary tariff agreement between the United States and China weighed on gold as risk appetite improved yesterday.

    However, gold’s resilience suggests that investors could remain wary of broader economic risks. In addition, traders could remain cautious ahead of the US April Consumer Price Index (CPI) report.

    The market could remain attentive to any changes in monetary policy expectations. Markets expect a headline increase of 2.4% year-on-year and a core reading of 2.8%. Any signs of softer inflation could reinforce expectations of Federal Reserve rate cuts later this year, supporting gold’s appeal.

    At the same time, geopolitical tensions could continue to fuel volatility. Hopes for peace talks in Eastern Europe and easing hostilities between India and Pakistan could limit gold demand. Conversely, persistent tensions in the Middle East could support the market.

    *Bas Kooijman is the CEO and Asset Manager of DHF Capital S.A

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