Nigeria, Feb. 9 -- The rebound comes after last week's steep selloff wiped out a chunk of gains from gold's record-breaking rally. During early Asian trading, bullion rose as much as 1.7 percent, recovering nearly half of the losses suffered after sliding from its late January peak. As at the time of this report, gold was trading around $5,009 per ounce after briefly dipping below $4,768 last week.



The News Chronicle understands that renewed buying interest is being supported by resilient central bank demand, particularly from China. Data released over the weekend revealed the People's Bank of China continued its gold purchases for the fifteenth consecutive month, indicating a persistent effort to diversify reserves without destabili...