Gold rebounded Wednesday after a sharp two-day selloff, with futures rising 2.3% to $4,159.70 an ounce.

The prior decline, including a 5.7% drop on Tuesday—the largest in over 12 years—was driven by profit-taking after a record-breaking rally.

Despite the volatility, gold remains up nearly 60% in 2025, supported by central-bank buying, potential Fed rate cuts, and strong demand from foreign investors diversifying from dollars, Barron’s has reported.

Gold miners’ shares also recovered, with Newmont, Barrick, and Agnico Eagle all seeing gains following Tuesday’s steep declines.