Daily Market Report
➢ Spot gold is up around 0.6–0.7%, recovering from the prior session’s sharp selloff.
➢ Monday’s decline of over 4% marked gold’s largest single-day drop since October.
➢ The selloff was triggered by CME margin requirement hikes on gold and silver futures.
➢ Higher margins prompted widespread profit-taking and portfolio rebalancing.
➢ Despite volatility, gold’s safe-haven appeal remains intact.
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