Gold Wavers After Four-Day Drop as Broad Market Recovery Stalls

Gold fluctuated after declining for four sessions as traders took stock of the mood across wider financial markets, with a global selloff earlier in the week followed by a partial recovery that’s showing signs of losing steam.

Bullion traded near $2,390 an ounce, after shedding more than 2% over the previous four sessions. Gold — typically seen as a haven asset — was caught up in Monday’s broader markets plunge, with traders possibly offloading the metal to cover a pickup in margin calls.