Shanghai Bourse Raises Gold Margins

The Shanghai Gold Exchange has increased its gold trading margins, The Wall Street Journal reports. The deposit requirements for gold will be raised from the current 11% to 12% beginning August 25.

The Chinese gold exchange will also expand daily trading limits for the three gold spot-deferred contracts from 7% to 9%, adds Reuters. The move is aimed at curbing price volatility. Investors are seeking to cash in on the high margins.

Click here for the story from The Wall Street Journal.

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