Gold steadied after a sharp decline sparked by a wider selloff across financial markets that may have been amplified by algorithmic trading. Bullion was near $4,920 an ounce in early trading, after plunging 3.2% in the previous session — the biggest one-day drop in a week. The sudden decline accompanied jitters on Wall Street, where prices buckled across asset classes on concern over the impact of AI on companies’ earnings. Investors are now looking to US inflation figures due later Friday that may shape expectations for the Federal Reserve’s next move. Robust January jobs data published this week reduced urgency for ... (full story)