Gold and Silver Rebound Sharply After Oversold Conditions, Investors Eye New Records

• Gold and silver saw significant volatility and sharp gains on Tuesday after two days of heavy selling.
• Gold recorded its biggest single-day jump since 2008, rising 5.5% to $4,921.42 per ounce, while silver surged 9.2% to $86.7 per ounce.
• Market experts attribute the rebound to the metals entering an 'oversold zone' after a sharp negative reaction to potential Federal Reserve Chairman news.
• The CME Group increased margin requirements for precious metals futures, typically a short-term negative, yet buyers' confidence remained strong.
• Analysts believe gold's bull run may not be over, with potential for new records in coming months if global uncertainties and dovish monetary policies persist.

Why It Matters: Gold and silver experienced a strong technical rebound after being oversold, signaling potential for future gains.