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Gold prices experienced a notable rebound on May 29, 2025, rising nearly 1% to $3,320.89 per ounce after dipping overnight. The commodity climbed back above the $3,300 mark, with some reports indicating an increase of almost $50 from the overnight low. Concurrently, the CBOE Volatility Index (VIX) remained elevated above 19, with VIX futures staying sticky above 19.50 amid market uncertainty. Gold futures ($GLD) turned positive, gaining approximately 0.6% and approaching a short-term resistance level around $306.50. Market analysts noted that despite a surge in the S&P 500 futures ($ES_F), the risk-reward profile appears skewed negatively in the short term, influenced by ongoing questions surrounding trade deal developments.
