CME
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For one thing, the 30 components change over time, as the average’s owner, a joint venture between Standard & Poor’s, and the financial services company CME Group.
From Los Angeles Times
CME Group CME 0.94%increase; green up pointing triangle , the leading operator of derivatives exchanges, has again increased margin requirements for gold and silver futures contracts as elevated volatility continues to ripple through precious metals markets.
CME Group changed its margin-setting methodology for precious metals on Jan. 13, switching to a system that bases margins on a percentage of contract value instead of fixed dollar amounts.
—Gold prices remained below $5,000 as volatility stayed high after last week’s historic rout, with exchange operator CME Group raising margin requirements for precious metals once again.
“Heavy selling emerged in the Chinese futures market and on the CME after failing to break resistance at $90.50,” analysts at Saxo Bank said.
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