CME Group Increases Margins for Gold, Silver Contracts

Bloomberg reported that CME Group Inc. increased minimum cash deposits for gold and silver trading.

The market news is quoted as saying:

Comex is making it more expensive for speculators to trade after silver plunged the most since October 1979 and gold had its biggest two-day slide in 28 years. Open interest for gold options climbed to a record 1.46 million contracts on Sept. 21, CME said.

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