NYMEX To Increase Margins On Gold, Silver, And Platinum Futures Contracts

The New York Mercantile Exchange will increase the margins on its gold, silver, and platinum futures contracts as of the close of business today. Margins on gold will be raised to $1,600 from $800 for clearing members, members, and hedgers; and to $2,160 from $1,080 for speculators. Silver margins will be increased to $1,500 from $1,200 for clearing members, members, and hedgers; and to $2,025 from $1,620 for speculators. Platinum margins will be raised to $1,100 from $900 for clearing members; to $1,210 from $990 for members; and to $1,485 from $1,215 for customers.