Gold Rallies With Silver as Dip Buyers Crowd In Following Slump

Gold advanced along with silver, as dip-buyers crowded into precious metals following an abrupt unwinding of a record-breaking rally. Spot gold climbed as much as 6% to near $4,940 an ounce, after falling in the previous session to extend a slump on Friday that was the steepest in more than a decade. Silver rose more than 10% — taking it back above $87 an ounce — as a risk-on tone returned to wider markets and the US dollar fell. Most Read from Bloomberg Precious metals had retreated from record highs ...