Gold surges back above $5,000 as dip buyers charge back in after historic bloodbath

Gold slid as crowded trades unwound, even as fundamentals stayed intact.

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• Gold rebounds above $5,000 per ounce as buyers rush in after a brutal wipeout.
• Analysts say the plunge was driven by crowded trades, not weak fundamentals.
• Silver stays volatile as its smaller market amplifies price swings.

Gold bounced above $5,000 an ounce on Tuesday as investors rushed back into the metal following one of the sharpest selloffs in decades.