Gold rebounds more than 3% after sharp selloff
The Economic Times·2026-02-03 02:04
FUNDAMENTALSSpot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday.U.S. gold futures for April delivery climbed 4.5% to $4,859.30 per ounce.The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.Live EventsThe government partially shut down on Saturday a ...