Gold price today jumps nearly 7% after two-day rout; miners and ETFs steady the case
Spot gold surged 6.9% to $4,985.44 an ounce Tuesday after a two-day rout, with silver up 11.7% to $88.74. The rebound followed a sharp selloff triggered by higher CME margin requirements and President Trump’s nomination of Kevin Warsh as Fed chair. Gold ETFs saw $4.39 billion in inflows in January, the eighth straight month of gains. The U.S. jobs report was delayed due to a partial government shutdown.