Gold price today: Bullion jumps 5% after historic plunge as buyers return
Gold prices surged on Tuesday, with spot bullion climbing 5.5% to $4,921.42 an ounce by 0944 GMT. U.S. April futures followed suit, rising 6.3% to $4,945.60, after the metal touched a nearly one-month low of $4,403.24 just a day before. Silver jumped 9.2% to $86.7. “The market was oversold,” said Peter Fertig of Quantitative Commodity Research. Ole Hansen at Saxo Bank flagged $5,000 as the next key resistance level.