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News Link • Precious Metals

Gold Below $1,600 Amid CME Margin Hike

CME Group late Friday raised margin requirements for some gold- silver- and copper-futures contracts, adding pressure to metals prices Monday. The CME increased the so-called initial margin by 21 percent to $11,475 per 100-ounce contract from $9,450, pushing small investors out of the gold market as it raises the cost to trade a futures contract. Gold futures sank as much as 8.5 percent in the two days following the last CME margin hike on August 25.

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