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Stock Track | SPDR Gold ETF Soars 6.85% Intraday as Gold Rebounds on Bargain-Hunting and Institutional Bullishness

The SPDR Gold ETF (GLD) soared 6.85% during intraday trading on Tuesday, marking a sharp rebound for the precious metal fund after a period of extreme volatility in the gold market.The surge was...

Stock Track | SPDR Gold ETF Soars 6.85% Intraday as Gold Rebounds on Bargain-Hunting and Institutional Bullishness

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Major financial institutions including JPMorgan and Deutsche Bank have recommended buying the dips, maintaining their bullish outlooks on gold and viewing the recent pullback as a technical correction within a longer-term uptrend.</p><p>Additional factors supporting the rebound include safe-haven demand amid warnings about geopolitical tensions and potential \"capital wars,\" as well as exchange interventions that adjusted price limits for gold futures contracts. 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