Spot Gold Rebounds Above $1,900 Mark Amid Volatile Trade As UK Economy Slumps

Gold rebounded in volatile trade on Wednesday, jumping above $1,900 after its steepest selloff in seven years, as data showed Britain's economy shrank by a record 20.4% between April and June, fuelling coronavirus-led slowdown fears. Spot gold - which had its steepest selloff in more than seven years on Tuesday, gained as much as 2% and by 0943 GMT rose 0.9% to $1,929.09 per ounce, erasing sharp losses from earlier in the Asian sessi...