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Gold rises again after price decline on tariff news

Gold rises again after price decline on tariff news
May 13, 2025, 19:19 Finance Markets

The day before, the precious metal fell in price after information about the reduction of duties in the US and China

Gold rose to $3,261 per troy ounce.

On the Comex exchange, the price increased by 1% on Tuesday, Interfax reports.

The day before, there was a sharp decline in prices. Gold fell by about 3% on news that the US would lower tariffs on most Chinese goods to 30%, while Beijing would lower tariffs on American goods to 10%.

In addition, market participants are awaiting data on US inflation for April.

Analysts forecast that the pace of consumer price growth in the United States last month remained unchanged from March's 2.4%.

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