Gold price rebounds after violent selloff as traders brace for more volatility
Spot gold rose 1.9% to $4,859.43 an ounce Friday after a sharp sell-off, as safe-haven demand returned amid U.S.-Iran tensions and falling stocks. CME Group raised margin requirements for gold and silver futures for the third time since January. India’s gold premiums dropped to $70 an ounce, while China’s edged up to $35. Gold remains down over 13.5% from its Jan. 29 record.