CME Group Mulls Daily Limits on Gold, Silver Price Moves

Reuters reported that CME Group Inc. (NASDAQ:CME), a major options and futures exchange, is thinking of introducing daily limits on gold and silver price moves in an effort to curb volatility.

As quoted in the market news:

The possible move reflects growing concern at the largest U.S. exchange of futures and options about big bouts of buying or selling that have caused huge fluctuations in prices without any apparent fundamental reason.

‘We don’t have price limits in gold and silver. That’s something that we are looking into,’ Miguel Vias, CME Group’s director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility.

Click here to read the full Reuters report.