US EditionGold, Silver Fall Further as CME Margin Hike Stokes Selling
Gold and silver prices fell over 3% after CME raised futures margins and Warsh's Fed chair nomination fueled expectations of tighter balance sheet policy strengthening the dollar.
- On Monday, gold and silver fell as CME Group's margin hikes added to selling pressure, with changes set to take effect after market close.
- Kevin Warsh's nomination last week sparked a selloff, and the dollar index edged higher after U.S. President Donald Trump named Warsh, pressuring dollar-priced bullion.
- Spot gold was 3.2% lower at $4,708.19, recovering from nearly a 10% intraday fall, while spot silver lost 3.4% to $81.65 after an earlier 15% plunge.
- Zain Vawda at MarketPulse said that increased margin requirements make holding speculative positions less appealing, which could force retail traders to sell and create a feedback loop that pushes prices lower.
- Looking beyond gold, Barclays said rate cuts, fiscal expansion, and de-dollarization should keep demand firm, while spot platinum fell 4.1% to $2,074.70 and palladium shed 3.3% to $1,642.35.
11 Articles
11 Articles
Why Gold Crashed So Fast (And What Retirees Should Do With GLD Now)
Quick Read SPDR Gold (GLD) hit record prices in late January before collapsing. Trump’s nomination of Warsh as Fed chair triggered the selloff. SPDR Gold generates no income and charges 0.40% annually. Treasury bonds now yield 4.24% with predictable cash flow. Speculators in leveraged gold futures accelerated the decline. CME margin requirement hikes over the weekend triggered forced liquidations. Are you ahead, or behind on retirement? Smar…
Future contract of precious metal with expected delivery for April returned to US$ 4.652.60 by eleven-threy
Gold, Silver Selloff Worsens as CME Raises Trading Margins
Gold and silver prices continued to decrease on Monday due to higher margin requirements at CME Group, following a significant decline the previous week after Kevin Warsh was nominated as the next Federal Reserve chair. Spot gold was down 3% at $4,718.35 an ounce, having previously dropped nearly 10%. U. S. gold futures for April […] The post Gold, Silver Selloff Worsens as CME Raises Trading Margins appeared first on Modern Diplomacy.
The collapse of gold in international markets has not yet ended. After falling by 9.5% last Friday, in what was the biggest setback since 1983, this Monday the precious metal has returned to dawn with red numbers, with a fall of 7% that, added to those of the last hours, eliminates all the profits recorded in the little that we have had of year. Specifically, at this hour the troy ounce quoted in the environment of the 4,770 dollars, far from th…
Gold near 2-week low ahead of CME increase in margins
Gold extended its fall on Monday with increases in CME precious metals margin requirements set to take effect on session close weighing on prices, while investors gauged US President Donald Trump's Fed chair pick Kevin Warsh's approach to rate cuts.
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