The CME Group, operator of the world’s largest commodities exchange, has decided to raise margin requirements for gold and silver futures contracts for the third time in a short period, in a move aimed at reducing risks resulting from sharp price fluctuations and ensuring investors’ ability to cover their financial positions.
Under the decision, the initial margin requirement for gold contracts on the COMEX exchange was raised to 9% instead of 8%, and the margin requirement for silver contracts was raised to 18% compared to 15% previously. The amendments will take effect after the settlement of today's trading.