Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Spot Gold Slips Below USD4.7K as CME Further Raises Margin Requirements for Gold & Silver
Recommend 8 Positive 5 Negative 10 |
||||
|
||||
|
The Chicago Mercantile Exchange (CME) has once again increased the initial margin requirements for key precious metal contracts, pushing up the cash amount needed to hold positions. The initial margin for the 100-ounce gold futures and 5,000-ounce silver futures will rise from 8% to 9% and from 15% to 18%, respectively. These adjustments will take effect after the close of today's (6th) trading. Spot gold last printed at USD4,689.75 per ounce, down USD89.3 or 1.9%. Spot silver was last at USD65.59 per ounce, down USD5.33 or 7.7%. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
