Gold Advances Above $5,000 as Dip-Buyers Return to Choppy Market

(Bloomberg) — Gold (GC=F) climbed above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals. Bullion rose as much as 1.7% in Asian trading on Monday, recovering some more ground after a historic rout at the end of last month. The metal has recovered around half of the losses sustained since it plunged from an all-time high hit on Jan. 29. Silver also advanced. Most Read from Bloomberg Gold’s ability to stabilize above the $5,000 threshold “will ...