Ammon News - Gold and silver rebounded more than 2% on Tuesday after a sharp selloff that was triggered by the nomination of Kevin Warsh as the next Fed chair and higher margin requirements at CME Group.

Spot gold climbed 2.2% to $4,767.33 per ounce by 0318 GMT, after touching a near one-month low on Monday. Bullion scaled a record high of $5,594.82 on Thursday.

U.S. gold futures for April delivery were up 3% at $4,791.10 per ounce.

Spot silver rose 2.8% to $81.61 an ounce. It had hit a record high of $121.64 on Thursday.

Spot platinum climbed 0.6% to $2,134.10 per ounce after hitting a record high of $2,918.80 on January 26, while palladium lost 0.5% to $1,711.0.

Reuters