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.
Wednesday, August 24, 2011
CME Raises Margin Requirements For Gold Again
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