Gold and silver prices ​dropped on Monday as increased CME margin requirements added to the selling pressure following last week's selloff sparked ⁠by Kevin Warsh's nomination as the incoming Federal Reserve chair. Spot gold was 3.2% lower at $4,708.19 per ⁠ounce by 1008 GMT, recovering from nearly a 10% fall earlier in the session. Bullion shed more than 9.8% on January 30, in its sharpest one-day drop since 1983. Gold ⁠has lost about $900 since hitting an all-time-high of $5,594.82 on January 29, erasing most of this year's gains. U.S. gold futures for April delivery were down 0.3% to $4,730.40/oz. Spot ... (full story)