Gold prices bounce back after last week's sharp drop
Gold prices made a small comeback on Monday, recovering from a sharp drop after hitting record highs above $4,300 per ounce last week.
The dip happened when US President Trump alleviated U.S.-China trade tensions, pushing investors to try riskier bets.
Even with the rollercoaster ride, gold had its best week since April—peaking at $4,378.69 per ounce.
What's happening with gold and silver?
By early Monday, spot gold was up 0.4% at $4,263.59 per ounce, while US gold futures climbed 1.5%. Silver also edged up after its own slump.
HSBC thinks gold could hit $5,000 an ounce by 2026 as global risks stick around.
In India, high prices during Dhanteras had buyers choosing coins and bars over jewelry, and the country's gold reserves have topped $100 billion—even as central banks slow their buying.
All these ups and downs are tied to shifting US-China relations and ongoing global tensions.