Gold surges back above $5,000 as dip buyers charge back in after historic bloodbath
Government
Gold bounced above $5,000 an ounce on Tuesday as investors rushed back into the metal following one of the sharpest selloffs in decades. Spot gold was trading around $5,072 per troy ounce at 11:10 p.m. ET on Tuesday, extending gains from the previous session, when prices jumped more than 6%. "The recovery in metals coincided with a broader improvement across financial markets," wrote Ewa Manthey, a commodities strategist at ING, adding that the rebound also came as the US dollar gave back some
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