Gold price rebounds near $5,000 after rout as dollar eases; traders eye Iran talks and Fed data
Gold rebounded Friday, with spot prices up 3.96% to $4,959.28 an ounce by midday as investors bought on a weaker dollar and geopolitical uncertainty. CME Group raised margin requirements for COMEX gold and silver futures, effective after Friday’s close. Spot silver jumped 7.77% to $76.77. Traders are watching U.S.-Iran nuclear talks and delayed U.S. jobs and inflation data due next week.