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Gold rebounds as dip-buyers return after sharp drop
Gold prices rebounded after their steepest drop this year, rising above $3,330 as dip-buyers took advantage of recent volatility driven by mixed US-China trade signals.
Gold bounced back after its sharpest one-day fall this year, rising above $3,330 an ounce as dip-buyers stepped in. The recovery came amid mixed messages from Washington on China tariffs – Treasury Secretary Scott Bessent warned of delays in resolving the trade dispute, while President Trump had earlier taken a softer tone.
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Gold hit a record high above $3,500 on Tuesday before falling for two days straight. Analysts say investors who missed April’s rally fueled today’s rebound.
As of 9:22 a.m. in London, gold was up 1.2%. The dollar weakened, while silver and platinum slipped. Palladium saw a slight gain.
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Last update: Apr 24, 2025