Gold and silver prices rebound after hitting four-week lows, following last Friday’s record-setting session. Silver plunged 26%, gold dropped 9%, with both metals seeing significant rebounds. Margin requirements for metals futures increased by the CME Group. Trump’s nomination of Kevin Warsh for the Federal Reserve chair led to a higher U.S. dollar index.

Chinese speculators facing losses due to leveraged long-side bets in gold and silver markets. The federal government enters a partial shutdown amid funding deal delays. Safe-haven demand for gold and silver increases amidst the uncertainty. U.S.-Iran tensions and diplomatic efforts also impact the markets.

Crude oil prices remain elevated due to Middle East conflict concerns. Iran warns of a potential regional war amid mounting tensions. Tehran expresses readiness for a fair nuclear deal and sanctions relief. Oil prices drop as diplomatic efforts to avert war progress. Markets continue to be influenced by geopolitical developments.

Read more at Yahoo Finance: 2 Key Catalysts That Could Spark a Rebound After Record Plunges in Gold, Silver