Comex Gold Futures Margins Increased By CME, Will It Affect Gold Prices Increasing Over $2,000?

Aug. 13, 2011 - PRLog -- CME Group is raising margin specs by 22.2% for trading gold futures on the Comex Division of the New York Mercantile Exchange. In the precise exact same announcement, CME Group mentioned moreover, it's hiking margins to get a number of U.S. interest-rate goods, like 10-year notes, as well as some currency and stock-index futures contracts. The fresh prices will most likely be effective right after the close of trading on Thursday. Study more at http://silver-dollar-values.com

For that total 100-ounce gold arrangement, the “initial” margin for new positions will rise to $7,425 for traders from $6,075. Speculators’ “maintenance” margins for present positions, as well as all hedge positions, will increase to $5,500 from $4,500. Margins will even be growing for smaller sized size gold contracts.

CME Group mentioned the margin hikes had been a part of the “normal evaluation of market volatility to ensure adequate collateral safety.” Margins, and even the collateral traders should place up front to trade very leveraged futures contracts, generally rise as price unpredictability rises. http://www.silver-dollar-values.net

Futures traders are currently speculating lately that margin hikes in gold might be coming since unpredictability increased in current investing days. The array for that Comex December arrangement around the last two business days was $60.80 and $64.80 an ounce. Gold prices continued to trade close to record highs in Asia on Thursday, in spite of the Chicago Mercantile Exchange's (CME) option to hike investing margins. A number of analysts talked about the CME's shift wouldn't stop the move in gold bullion. Today would be an outstanding time for you to buy precious metals - silver and gold - while the prices are nevertheless pretty inexpensive. Go to http://www.silver-dollar-values.com for more lucrative silver and gold suggestions.

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