CME Raises Margins for Trading Gold Futures : The CME Group on Wednesday raised maintenance margins for trading Comex 100 Gold Futures by 22.2 percent, effective after the close of business on Thursday. reports CNBC today
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Wednesday, August 10, 2011
Gold Sets Another Record over $1800/oz As the Stocks Tumble
Gold hits another all time Record in New York, where prices rose to $ 1,801 an ounce.The new black day in the markets favors the gold rush that has set another all time record high. The futures expiring in December quoted on the Comex in New York for the first time reached 1,800 dollars per ounce (up to 1800.40) and then retrace to $ 1,788 (+2.5%). Today, fears have been accumulating over France with the risk that some banks in difficulty could default . France is heavily exposed to the peripheral countries of the Eurozone debt .
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