Palladium

Precious Metals-Gold steady on Greece debt fear; Shanghai margin weighs

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Reuters reports gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains.

Reuters reports gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains.

The market news is quoted as saying,

The Shanghai bourse plans to temporarily increase margins on gold and silver forward contracts on settlement at June 2 and trading limits on June 3, before the market closes for a publicholiday on June 6 to dampen a surge in volumes.

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