A rout in gold and silver intensified on Monday after top commodity exchange CME Group raised margin requirements following a collapse in metals prices last week that was triggered by Kevin Warsh's nomination as the next Fed chair.
Spot gold fell 6.1% to $4,565.79 per ounce by 0726 GMT after shedding more than 9% on Friday in its sharpest one-day drop since 1983. The metal has lost more than $1,000 since hitting a record high at $5,594.82 on Thursday, erasing most of this year's gains.
