Precious Metals Plunge After CME Margin Hike

Precious metals like gold and silver experienced a dramatic drop after the CME Group increased margin requirements on metals contracts, effective Monday. This move, aimed at ensuring stability and raising the bar for betting on price moves, triggered a sell-off. Despite the drop, gold and silver have outperformed stock indexes and cryptocurrencies this year, driven by factors such as inflation fears, geopolitical risks, and the Federal Reserves interest rate cuts. The market is now watching for further profit-taking or potential rebounds as uncertainty persists. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.