Gold halts slide after market rout triggered margin-call selling

Gold steadied after being pulled into Monday’s global rout, when it slumped as some traders cut holdings to cover potential margin calls. Spot bullion plunged as much as 3.2% in the previous session, the biggest intraday drop since early June, before paring losses. Prices traded in a daily range of more than $90 as shares and commodities tumbled.