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Gold rebounds to $4,900, a reversal from previous losses
Significant gold price recovery surprises the market in the latest trading session. A well-known X account, AB Kuai.Dong, reported that gold prices have successfully recovered all losses from the previous day, reaching $4,900 per ounce.
Buying Momentum Drives Sharp Increase Within 24 Hours
In the past 24 hours, physical gold has surged approximately 10%, reflecting high demand and strong buying interest in the commodities market. This upward movement indicates that investors are regaining confidence in the prospects of precious metals as a safe-haven asset.
The previous rebound was triggered by various market factors, including global economic uncertainty and investor searches for safe-haven instruments. This recovery demonstrates gold’s resilience as an investment instrument that remains a top choice during volatile market conditions.