Gold and silver prices rebound
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Gold and silver settled higher for the first time in two sessions on Tuesday after last week’s record-setting shakeout.
Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction was more a positioning reset.
Asian shares are mixed on Wednesday after Wall Street losses impacted by technology stocks. Tokyo’s Nikkei 225 dropped 0.6%.
Before Friday's selloff, gold and silver had been on a blistering yearlong rally, fueled by heavy central bank buying and geopolitical tensions.
Gold and silver exchange-traded funds (ETFs) can be a great way to dollar-cost average into precious metals.
Gold investors tend to be a robust breed, inured to market moves. But the past week’s swings have had even committed gold bugs, along with the newer crop of silver investors, feeling queasy.
US stocks ended down after Trump said he's choosing Kevin Warsh to be the next Fed chair. Gold and sliver posted their largest 1-day drop since 1980.
“Before you ask, there is nothing extreme about 5% of my ‘alternative’ assets.”