Gold Price Jumps 2.4% to $5,054.60, Futures Up 3.4% After 10% Selloff
Spot gold rose 2.4% to $5,054.60 per ounce while gold futures climbed 3.4%, extending the metal's rebound after a nearly 10% drop last Friday as the US dollar index slid from 99.39 to 97.382. Renewed dip-buying as broader markets stabilized and the dollar softened suggests continued upside for gold ETFs.
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