CME Group Raises Precious Metals Margins Again After Volatile Trading Week
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CME Group is raising margins on precious-metal futures for the second time in a week due to recent market volatility. Effective after Wednesday's close, margins for gold, silver, platinum, and palladium will increase following a review aimed at ensuring adequate collateral coverage. This decision comes after silver futures experienced significant price swings, peaking above $82 an ounce before dropping nearly 10% to around $70. The higher margin requirements will necessitate more collateral from traders, potentially impacting market positioning and liquidity amid ongoing volatility.
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