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7h ago

Gold Falls 4.6% After CME Margin Hike as Silver Drops 8.7%

Higher margin calls prompted profit-taking, leaving traders focused on whether a short-lived dip or a deeper break is forming.

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Overview

  • CME Group raised margin requirements for several metal futures in what it called a routine volatility review, with changes effective after Monday’s Comex close.
  • February gold settled at $4,343.60 per troy ounce on Comex, down 4.6%, following a record closing high of $4,552.80 in the prior session.
  • March silver fell 8.7% as leveraged participants cut exposure in response to higher collateral demands.
  • Kitco’s Jym Wyckoff said sustained selling in the next sessions would cause greater technical damage, while a strong rebound would frame Monday’s lows as reactionary.
  • Analysts also cited softer safe-haven interest after comments by President Donald Trump and Ukraine’s Volodymyr Zelensky about potential ceasefire progress, with Russian statements adding uncertainty.