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.
In related news, the US dollar is little changed at 96.09.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.