Gold Advances Above $5,000 as Dip-Buyers Return to Choppy Market

Gold climbed above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals.

Bullion rose as much as 2.3% on Monday, gaining some more ground after a historic rout at the end of last month. The metal has recovered around half of the losses sustained since it plunged from an all-time high hit on Jan. 29. A gauge of the dollar weakened.