Gold prices tumble toward two week low as CME margin hikes and Fed chair nomination weigh on bullion

Gold prices fell on Monday as CME margin hikes and the nomination of Kevin Warsh weighed on bullion. Higher costs and a stronger dollar pressured the market.

Insights:
CME Group Inc. announced on Monday, February 2, 2026, that it is increasing margin requirements for COMEX precious metals futures, a move that triggered an immediate decline in both spot and futures prices for gold, silver, platinum, and palladium. The new requirements are scheduled to take effect after the market close on Monday, directly impacting the capital outlay required for participants in the US USUS commodities market.
Gold coins are pictured at the local shop of goldsmith Axel Harbaum-Neuhaus in Bonn, Germany, October 21, 2025, as rising gold prices lead many to trade in their golden possessions. REUTERS/Jana Rodenbusch/File Photo
Gold coins are pictured at the local shop of goldsmith Axel Harbaum-Neuhaus in Bonn, Germany, October 21, 2025, as rising gold prices lead many to trade in their golden possessions. REUTERS/Jana Rodenbusch/File Photo

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