CME Group lowers platinum and palladium contract margins

IBTimes reports gold prices headed lower yesterday, with a bounce in stock markets encouraging traders to sell gold and move back into equities.

The market news is quoted as saying,

The most actively-traded Comex gold contract – for June delivery – settled at $1,522.80 per troy ounce, down $3.90 or 0.3%. Though platinum and silver also settled lower, the palladium price was up by $9.85 (1.3%) to $757.20 per ounce.