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CME Group lowers platinum and palladium contract margins
May. 27, 2011 07:04AM PST
Palladium InvestingIBTimes reports gold prices headed lower yesterday, with a bounce in stock markets encouraging traders to sell gold and move back into equities.
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.
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| Commodities | |||
|---|---|---|---|
| Gold | 2316.22 | -7.47 | |
| Silver | 27.16 | -0.12 | |
| Copper | 4.49 | +0.03 | |
| Oil | 82.84 | -0.52 | |
| Heating Oil | 2.56 | -0.02 | |
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