CME Hikes Precious-Metal Margins Again After Price Swings (1)

CME Group will raise margins on precious-metal futures for the second time in the space of a week following a volatile period of trading that saw prices spike then retreat.

Margins for gold, silver, platinum and palladium contracts will increase after the close of business on Wednesday, the group said in a statement dated Dec. 30. The decision was made based on a review of “market volatility to ensure adequate collateral coverage,” it said.

Precious metals have been rocked this week in a tumultuous end to a historic year. Silver has been especially volatile, with futures soaring to a record ...