The New York Mercantile Exchange, Inc. announced today that it will change margins for its gold and silver futures contracts, effective at the close of business tomorrow.
Gold futures margins will decrease to $3,250 from $4,000 for clearing and non-clearing members and to $4,388 from $5,400 for customers.
Margins for the Asian gold futures contract will decrease to $1,045 from $1,286 for clearing and non-clearing members and to $1,411 from $1,736 for customers.
Margins for the COMEX miNY gold futures contract will decrease to $1,625 from $2,000 for clearing and non-clearing members and to $2,194 from $2,700 for customers.
Silver futures margins will decrease to $5,000 from $5,750 for clearing and non-clearing members and to $6,750 from $7,763 for customers.
Margins for the COMEX miNY silver futures contract will decrease to $2,500 from $2,875 for clearing and non-clearing members and to $3,375 from $3,881 for customers.