Gold Rallies With Silver as Historic Rout Lures Back Dip Buyers

Gold and silver rebounded after a historic collapse from all-time highs lured dip-buyers back to precious metals.

Spot gold climbed as much as 7.1% to more than $4,990 an ounce, recovering somewhat from its worst rout in more than a decade. Silver rose more than 12% — trading above $89 an ounce — as a risk-on tone returned to wider markets and the US dollar weakened.