Crypto World
Gold Rises Back Above $5,100 as Sharp Retreat Attracts Buyers
Gold prices extended gains for a second day, climbing back above $5,100 as a historical pullback from record highs offered a buying opportunity for investors.
In early trading, New York futures rose 3.4% to $5,102.90 a troy ounce following a 6% jump in the previous session.
The recent correction doesn’t signal a change in gold’s underlying drivers, with the medium-term outlook supported by continued central-bank buying, firm ETF demand, and persistent geopolitical and economic uncertainty.