CME raises margin requirements for gold and silver futures

Jinse Finance reported that as gold and silver prices plummeted, the Chicago Mercantile Exchange (CME) announced on Friday local time an increase in margin requirements for Comex gold and silver futures. According to the statement, for non-high-risk accounts, the margin for gold futures will rise from the current 6% of contract value to 8%, while for high-risk accounts, the margin will increase from 6.6% to 8.8%. For silver, the margin for non-high-risk accounts will increase from 11% to 15%, and for high-risk accounts, it will rise from 12.1% to 16.5%. Margins for platinum and palladium futures will also be raised accordingly. The adjustments will take effect after the close of trading next Monday. (Golden Ten Data)