Gold prices bounced back on Tuesday after a sharp drop caused by a selloff in tech stocks. The precious metal rose 0.8% to $2,762.02 per ounce, recovering from its steepest decline since mid-December. The earlier dip was linked to a tech-led market selloff, partly driven by developments in low-cost AI technology. However, growing uncertainties around U.S. tariffs and economic policies helped gold regain its appeal as a safe-haven asset.
The rebound in gold prices comes as U.S. President Donald Trump announced plans to…
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