Chicago Mercantile Exchange slashes precious metal margins

By Frik Els

The Chicago Mercantile Exchange (CME), the biggest provider of US futures, says it will  cut margins on precious metals and copper futures from February 12.

The initial margins on the benchmark COMEX 100-ounce gold futures contract will be cut by 10% to $5,940 $6,600.

Margins on the COMEX 5,000-ounce silver contract will reduce …read more