CME Group Increases Margins for Gold, Silver Contracts
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CME Group Inc. increased the margin requirements on gold and silver trading after prices of the metals plunged in the last two days.
The minimum cash deposit for gold futures will rise 21 percent to $11,475 per 100-ounce contract in the speculative Tier 1 category at the close of trading on Sept. 26, Chicago-based CME said in a statement. For silver, the minimum cash deposit was raised to $24,975 from $21,600.