Wednesday, August 24, 2011

CME Raises Margin Requirements For Gold Again

From Marketwatch: The CME Group Inc., the parent company of the main metals and energy exchanges in the U.S., today announced a 27% increase in margin requirements to trade gold.

 Initial margin requirements rose to $9,450 from $7,425 per 100-ounce contract; maintenance margin requirements rose to $7,000 from $5,500, both effective as of the close of trading on Thursday.

The CME had increased margins for gold two weeks ago.

Gold dropped record amount today.

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