Gold price rebounds after violent selloff as traders brace for more volatility
Gold prices bounced back Friday following a steep drop, as global stocks slipped again and ongoing U.S.-Iran tensions nudged investors toward safe havens. Spot gold jumped 1.9% to $4,859.43 an ounce by 0923 GMT. Silver also gained, with spot silver up 4.2% at $74.22. Meanwhile, U.S. gold futures for April slipped 0.1% to $4,883.10. Kelvin Wong, senior market analyst at OANDA, noted that safe-haven demand is creeping back, though the market remains “very near-term choppy” after last week’s selloff.
