Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
NYMEX Raises Margin Requirements for Gold, Silver Futures
Recommend 3 Positive 4 Negative 5 |
||||
|
||||
|
Following the sharpest price slump in decades for gold and silver last Friday (30th), the Chicago Mercantile Exchange (CME) announced that the margin requirements for gold and silver futures on the New York Mercantile Exchange (NYMEX) will be raised after the close of trading on Monday (2nd). The margin for non-high-risk gold contracts will rise from 6% to 8%, and for high-risk contracts, it will increase from 6.6% to 8.8%. For silver futures, the margin for non-high-risk contracts will grow from 11% to 15%, and for high-risk contracts, it will hike from 12.1% to 16.5%. The margin requirements for platinum and palladium futures will also be raised. This morning (2nd), the prices of precious metals rattled. The spot silver last sank 8.84% to USD77.67 per ounce, while silver futures for March delivery added 1.46% to USD79.31 per ounce. Spot gold dropped by 4.9% to USD4,653.28 per ounce, and gold futures for February delivery fell by 0.48% to USD4,691.3 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
