Spot gold rebounded on Friday after a sharp sell-off in the previous session. Gold found some support as global stock markets weakened and tensions between the US and Iran remained, despite the CME Group raising margin requirements for precious metals to mitigate risk. OANDA senior market analyst Kelvin Wong said, "We did see some safe-haven inflows, but it's important to note that the market remains cautious after Friday's sell-off…concerns about US-Iran tensions persist." He added, "Gold prices are likely to be volatile in the short term." The global stock market sell-off on Wall Street spread to Asia on Friday, with benchmark indices in most regions closing lower. Furthermore, the US dollar index hovered near a two-week high, putting pressure on precious metal prices this week. (Jinshi)