Core Viewpoint - Gold prices remain below $5,000 amid high volatility, with CME Group increasing margin requirements for precious metals [1] Group 1: Gold Market - Gold futures in New York increased by 0.1% to $4,891.10 per troy ounce, indicating a potential weekly gain of 3% [1] - The volatility in the gold market is expected to continue until price discovery improves, leading to erratic trading patterns [1] Group 2: Silver Market - Silver prices decreased by 4.1% to $73.56 per ounce, on track for a weekly decline exceeding 6% [1] - The high volatility in the silver market is also anticipated to persist, mirroring trends observed in gold [1]

Core Insights - The Chicago Mercantile Exchange (CME) has raised margin requirements for trading gold, silver, and other metals due to significant price surges this year, leading to sharp declines in futures prices for both metals [1][2][3] Group 1: Market Reactions - Following the CME's announcement, silver futures dropped by 8% and gold futures fell by 5% [3] - Silver prices had reached approximately $30 per ounce at the beginning of 2025 and peaked at nearly $80 per ounce before the margin requirement increase [4] Group 2: Price Trends and Factors - Gold futures have increased by 65% this year, while silver prices have more than doubled, driven by geopolitical uncertainty and concerns over stock market bubbles [1][5] - The demand for silver has surged due to its industrial applications, particularly in solar panels and data centers, while supply has been constrained by slowing production at major mines [3][5]