Source by Commodity Insights
Thursday 20 June 2013
Commodities Buzz: CME Raises Initial Margins On Gold Futures By 25%
The CME Group Inc. on Thursday raised the initial margins on trading in gold futures by as much as 25%, according to reports. The CME's decision came after August gold futures plunged $87.80, or more than 6%, to end at $1,286.20 an ounce on Thursday, the futures' lowest closing level since September 2010. The CME Group Inc. on Thursday raised the initial margins on trading in gold futures by as much as 25%, according to reports.
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