Gold Recovers A Portion Of Monday's Losses
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Gold prices rebounded on Tuesday, recovering some losses from Monday's plunge, driven by safe-haven demand amid geopolitical tensions, including U.S.-Iran issues. February Gold Futures rose 1.34% to $4,401.90, while Spot Gold increased 1.52% to $4,397.96 per troy ounce. Despite the rebound, gold prices reflect a weekly decline of 2.3% but a yearly gain of over 66.6%. Other precious metals also saw gains, with Silver futures up 5.7% and Platinum futures rising 3.2%.
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