China Shakes Gold, Silver Markets: Shanghai Exchange Cuts Margins, Limits
China Shakes Gold, Silver Markets: Shanghai Exchange Cuts Margins, Limits
- •Shanghai Gold Exchange, a major bullion market, announced significant changes to gold and silver contract rules.
- •Margin requirements for gold contracts reduced from 21% to 18%, and for silver from 27% to 24%.
- •Daily price fluctuation limits also lowered: gold from 20% to 17%, and silver from 26% to 23%.
- •These changes aim to boost trading activity, enhance market liquidity, and control rapid price changes amidst high volatility.
- •The move is expected to make trading more accessible, especially for small and medium investors, while balancing activity and risk control.
