Precious metals rally as investors capitalize on recent pullback, supported by tech sector strength and earnings momentum.
Gold futures climbed Tuesday, reclaiming ground above $4,000 as dip-buyers stepped in following a 22% decline since mid-February. The rebound aligned with broader market gains, particularly in technology shares, as corporate earnings season accelerated.
Prices had fallen sharply after geopolitical tensions between the U.S. and Iran triggered a sell-off in early February. Analysts noted the pullback presented an entry point for investors seeking safe-haven assets amid ongoing macroeconomic uncertainty.
Silver futures also advanced, mirroring gold’s upward move as both metals benefited from renewed buying interest.