Gold gains on buy-the-dip trade, holding firm above $4,000

Seeking Alpha ·

Gold and silver futures rose sharply Tuesday in a round of dip-buying , enjoying a boost alongside equities on strength in technology shares as earnings season heats up. Gold has tumbled 22% since the outbreak of fighting between the U.S. and Iran on February

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Gold and silver futures, which had plummeted 22% following the outbreak of the US-Iran conflict, surged on Tuesday driven by bargain hunting. Coupled with a strong stock market fueled by solid tech earnings, gold prices are firmly holding above the $4,000 level. Investors are rebalancing portfolios across both safe-haven and risk assets while monitoring geopolitical risks and earnings season volatility.

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