Gold prices plunged 5% on Tuesday , the biggest one-day drop in 5 years (or even a decade depending on who you read).

But by Wednesday, gold prices were back in the red, giving up gains from earlier in the session.

Here’s a look at all things that glitter (or not) gold:

Simply put, the price of gold has risen due to a combination of high inflation (gold holds value when the purchasing power of currencies erodes), increased geopolitical uncertainty (Russian invasion of Ukraine, continued conflicts in the Middle East, increasing U.S.-China trade tensions), higher demand from central banks (diversifying away from the U.S. dollar and into gold helps countries protect their reserves) and investors seeking a safe haven.

Yahoo! Finance said: “The sharp selloff in the previous session was la

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