CME hikes gold margins, but prices still rising
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SHARE: MORE Email Print Comment 16 By Michael Kitchen
LOS ANGELES (MarketWatch) -- U.S. exchange operator CME Group CME +0.82% said late Wednesday it is raising the margin requirements for trade in a wide range of gold products, effective Thursday. The speculative margin requirement for a new position in Comex 100 gold futures will rise to $7,425 from $6,075, or to $5,500 from $4,500 for existing "current maintenance" margins. However, benchmark gold futures extended their rise in the wake of the announcement. Comex gold for December delivery GC1Z +1.48% rose to $1,807 an ounce from its $1,784 New York settlement level Wednesday, ahead of the CME announcement.
发表于 2011-8-10 20:01
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