The Economic Times

Gold drops over 3%, nears 2-week low ahead of increases in CME precious metals margins

Gold and other precious metals are experiencing significant drops. This decline is linked to increased margin requirements on futures trading set by CME. Investors are also reacting to President Donald Trump's choice for Fed chair, Kevin Warsh, and his potential approach to interest rates. Silver has reached a three-week low. The market is closely watching these developments.