COMEX raising the margin requirement for gold contracts this week could slow but not stop the advance in gold prices. It has been rumored that another margin increase is in the cards for gold. One gold contract today is worth about $175,000 of gold. After the increase, the margin for one contract stands at $5500 – still only about 3% of the contracts value. Additional margin increases could spur more profit taking in gold in the short term. However, the continuing macro-economic haze is going nowhere fast.- FREE REPORT
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