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(Kitco News) - CME Group is decreasing the margin requirements for gold futures by 10% as of the close of business on Monday.

The “initial” margin to open new speculative positions will decline to $6,075 from the current $6,751 for 100-ounce gold contracts traded on the Comex division of the New York Mercantile Exchange, CME Group said in a notice issued late Thursday. The margin for “maintenance” of existing speculative positions, as well as all hedge positions, will be reduced to $4,500 from the current $5,001.

CME Group said the changes as part of the “normal review of market volatility to ensure adequate collateral coverage.”

Decreases were also announced for the exchange’s smaller 10-ounce, miNY and E-mini gold-futures contracts.

The gold announcement was included in a notice from CME Group that also listed a series of changes—some decreases and some increases--for the energy, grain and meat markets.

A full text of the CME Group notice can be seen at http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-204.pdf

By Allen Sykora of Kitco News; asykora@kitco.com

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