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CME Raises Margin Requirements for Trading Gold Futures

posted on Aug 24, 2011 05:15PM

CME Raises Margin Requirements for Trading Gold Futures

Published: Wednesday, 24 Aug 2011 | 5:00 PM ET

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By: Reuters

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The CME Group on Wednesday raised maintenance margins for trading COMEX 100-ounce gold futures by 27 percent, effective after the close of business on Aug 25.

Jack Vearey | Getty Images

The exchange operator raised maintenance margins on gold futures for speculators to $7,000 per contract from $5,500.

On Aug 10, the CME raised gold futures trading margins by 22 percent to $5,500 per contract.

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