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GOLD SETTLES AFTER A STROM
November 22, 2016
11:40 am
Epicram
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Forum Posts: 58
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April 15, 2016
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I Agree with the thread, there was huge fluctuations with the gold price in recent, but now the gold has been settled.

June 21, 2013
9:22 am
kittycriston
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June 19, 2013
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Gold futures are trading slightly higher in Asia electronic trading today aided by weakness in the US Dollar. Yesterday, it collapsed by more than 6% as investors continued to price in the Federal Reserve’s possible trimming of its monetary stimulus later this year.

After settling Nymex trade at $1,286.20 an ounce — the lowest close since September 2010 — August gold took further damage on news exchange operator CME Group Inc. CME was hiking margin requirements.

The CME, which owns the Nymex’s metals-trading Comex division, said following Thursday’s close that it would hike initial and maintenance margins for gold by 25%, according to reports. The CME’s decision came after August gold futures plunged $87.80, or more than 6%, to end at $1,286.20 an ounce on Thursday, the futures’ lowest closing level since September 2010. The new margins would come into effect after Friday’s close, CME said.

Source: tradingtipsfree.wordpress.com/2013/06/21/gold-settles-after-a-strom/

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