Gold’s rebound above $5,000 to near $5,078 followed steep early-February losses and record January highs, with the softer U.S. dollar in focus for metal buyers.
Spot gold hit a record near $4,888 in Singapore trading, while U.S. futures hovered around $4,888 as investors bought bullion and pared risk assets amid jitters.
The U.S. dollar posted strong gains in 2024, boosted by higher Treasury yields and a cautious Fed policy outlook, while markets braced for economic shifts under Trump’s administration.
