Gold Surges 1.8% Above $4,200 as Bond Yields Fall on Strong Auction Demand

Gold prices rose up to 1.8% to trade above $4,200/oz, extending a rebound from a two-month low hit earlier this week. The move is attributed to strong demand at government bond auctions, which reduced yields and boosted gold's appeal. This signals a shift in investor sentiment toward safe-haven assets amid ongoing market dynamics.