CME Downgrades December Gold and Silver Futures Maintenance Margin Criteria

CME lowered its maintenance margin for COMEX 100 gold futures in December 2017 by 9.2% to US$4,450 per lot, which was previously US$4,900 per lot.

  CHICAGO, Dec. 7 (Reuters) - The Chicago Mercantile Exchange Group (CME Group) said on Thursday that it will cut its maintenance margin for COMEX 100 gold futures by 9.2% in December 2017 to reach US$4,450 per lot, up from US$4,900 per lot.

The CME Group reduced the COMEX 5000 silver futures maintenance margin standard for December 2017 by 11.9% to US$5,200 per lot, compared with US$5,900 per lot.

The CME Group stated that all initial margin standards are 110% of the maintenance margin criteria.

  The new margin standard will take effect after the closing on December 8, 2017.