Gold margins to drop 10% today

CME Group announced Thursday June 16 that the margin requirements for its Comex Division’s 100 oz. gold contract would drop 10% as of the close of business Monday June 20.

The “initial” margin to open new speculative positions will decline to $6,075 from $6,751 for 100-ounce gold contracts; the margin for “maintenance” of existing speculative positions, as well as all hedge positions, will be reduced to $4,500 from $5,001.

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See other CME Group margin adjustments

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