Gold prices bounce back after biggest drop in 3 years

Gold prices made a recovery, bouncing back after a dramatic 5% plunge in a single session.

Gold futures rose 1.2% to $4,156.80 per ounce, while spot gold inched up by 0.1% to $4,144.75 an ounce. Despite the rebound, analysts caution that the market may face a period of consolidation, given recent price volatility.

Yesterday, the price of gold futures with delivery in December 2025 fell more than 6% on the Comex exchange, falling below $4,100 per troy ounce for the first time since October 13, 2025. Meanwhile, silver futures with delivery in August 2025 lost 7.19% and amounted to $47.69 per troy ounce.

The sharp selloff in the previous session was largely attributed to easing tensions between the U.S. and China, but traders remain on edge ahead of delayed U.S. inflation data and upcoming trade talks involving the U.S., China, and India.

Despite the recent dip, gold is still up 56% year-to-date, having reached a record high of $4,381 just days ago.