New York--Mar 11--The New York Mercantile Exchange said today that it will
decrease the minimum margin for sellers of gold, silver and copper options
at the close of business Friday. The margin will fall to $10 from $20 for
gold; to $10 from $31 for silver and to $10 from $25 for copper. By Bridge
News, Story .16942
London--May 12--The London Metal Exchange said today a meeting of the board
of directors Wednesday resolved that trading on the new LME silver contract
was targeted to commence May 10, with the first available prompt date being
Aug 10. Cash trading would commence Aug 6, it said. By Miranda Maxwell,
Bridge News, Story .15030
Bucharest--Mar 11--National Bank of Romania Chief Economist Valentin Lazea
today confirmed that the bank was engaged in talks with Swiss bank UBS over
a loan designed to boost its hard currency reserves using around 35 tonnes
of gold as collateral. By Vladimir Rodina, Bridge News, Story .13381
London--Mar 12--The London Bullion Market Association said today that
average daily cleared turnover for silver in February was up by 30%
month-on-month to an average 277.3 million ounces, but was still down
substantially from 347.8 million in February, 1998.
Meanwhile, cleared gold turnover in February fell to a record low of
26.7 million ounces, down around 30% on levels seen in both February 1998
and February 1997. By Miranda Maxwell, Bridge News, Story .15206
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