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CME Moves to Curb Speculation, Raises Margins for Precious Metals Futures

(Chicago, Feb 6) With prices in the precious metals market swinging sharply in recent weeks, the CME...

Source: https://news.seehua.com/post/category/economy

(Chicago, Feb 6) With prices in the precious metals market swinging sharply in recent weeks, the CME Group said it will raise margin requirements for selected futures contracts—including gold, silver, and aluminum—to curb new leveraged trading activity.

Under the changes, the margin rate for gold will increase from 8% to 9%, while silver’s margin requirement will rise from 15% to 18%.

The new margin standards will take effect after the market close on Friday (Feb 6, local time).

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