Gold Price This Week: Bullion Rebounds From Four-Month Low as Fed Fears Keep Market on Edge
Gold surged 2.6% to $4,491.78 an ounce Friday, rebounding from a four-month low of $4,097.99 hit Monday after volatile trading tied to oil and rate concerns. Thursday saw the steepest drop, with gold falling 2.7% as the dollar and crude rose. Physical demand improved as Indian and Chinese premiums narrowed. Silver, platinum, and palladium also recovered Friday after losses earlier in the week.