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Gold is bouncing back

Gold's ticking up after getting slammed the previous day. The yellow metal is up by 0.5% at $1,275.45 an ounce as of 8:01 a.m. ET on Wednesday. This follows Tuesday when the metal tumbled by over 3%, falling to $1,271.85 an ounce in the mid-afternoon — the weakest level since June 23, the day of the Brexit vote. Notably, gold is considered a traditional risk-off, "end of the world" trade and is often bought up aggressively by investors in times of stress.
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