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To: 4figureau who wrote (3174)2/6/2003 9:56:09 AM
From: 4figureau  Read Replies (2) | Respond to of 5423
 
NYMEX upping COMEX gold margins at close Thursday
Thu February 6, 2003 08:26 AM ET
NEW YORK, Feb 6 (Reuters) - The New York Mercantile Exchange will raise the amount of collateral required to trade gold futures contracts at its COMEX Division as of the close of business Thursday.
Margins on COMEX gold futures will be increased to $1,500 from $1,000 for members, member firms, and hedgers; and to $2,025 from $1,350 for speculative customers, the exchange said in a release issued late Wednesday.