| Delayed 01:50:46 2024-04-18 am EDT | 5-day change | 1st Jan Change | ||
| 2,376 USD | +0.34% |
|
+1.73% | +15.19% |
| 07:24am | BHP posts strong output for copper, iron ore, energy coal | AN |
| 07:02am | Gold shines as geopolitical tensions offset easing US rate-cut bets | RE |
China will raise margin requirements for its gold contracts from the settlement of July 23 due to recent gold price fluctuations, the Shanghai Gold Exchange (SGE) said on Wednesday.
The margins for gold contracts Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06 and NYAuTN12 will be raised to 9% from 8%, the SGE said in a notice on its website.
The exchange will also change trading limits for gold contracts to 8% from 7% starting July 24 and warned members to invest rationally and "reasonably" control the scale of positions, it said.
(Reporting by Min Zhang and Tom Daly; Editing by Toby Chopra)
