Gold rebounds more than 3% after sharp selloff
Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown. Fundamentals; Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday. US gold futures for April delivery climbed 4.5% to $4,859.30 per ounce.