Gold prices have surged back above the key $5,000 per ounce level, rebounding strongly after a steep sell-off that followed recent record highs.

Investors who bought the dip helped push bullion back above this psychologically important mark, with prices rising more than 6 % in major sessions as markets stabilised and the U.S. dollar weakened slightly.

The rebound comes after gold experienced one of its sharpest pullbacks in decades, sliding from historic peaks above $5,500 an ounce before aggressive dip buying and renewed risk appetite helped prices recover.

Analysts say that despite recent volatility, underlying fundamentals, including geopolitical risk, safe-haven demand, and expectations for potential Federal Reserve rate cuts continue to support gold’s appeal as a store of value.

Silver and other precious metals have also bounced alongside gold, with silver climbing back above key levels after its own sharp drop. The broader precious metals rally highlights ongoing investor interest in hedging against economic uncertainty and market turbulence, reinforcing gold’s central role in diversified portfolios amid persistent global volatility.

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