After a dramatic downturn that left gold investors scrambling for cover, the precious metal has staged a 15% jump in just one month. The sharp rebound marks its strongest rally in more than four months and has once again put the spotlight on whether gold can repeat its 2025 feat and reclaim its fresh peak of $5,500 it touched earlier this year. The metal is still about 16% below that level.
Gold has endured one of its most volatile starts to a year in recent years. The precious metal surged to record highs in January, climbing past $5,500 per ounce, before tumbling to $4,600 per ounce by August. The sharp correction came as renewed tensions over the Iran war sent oil prices soaring, fuelling expectations that the US Federal Reserve could raise interest rates later this year.
