Transfer from: Financial Union Press
[Gold silver In the evening, there was an overall correction, and the decline continued to expand after the opening in the morning. On May 23, the Associated Press reported that the main contract of gold futures fell 1.97% in the morning, with a loss of 3122 positions. The main contract of silver futures fell 3.77% at the opening, reducing 18183 positions. On the evening of the 21st, the last stock exchange announced that, since the closing settlement on May 23, 2024 (Thursday), the limit of gold and silver futures contracts would be adjusted to 10%, the margin ratio for hedging transactions would be adjusted to 11%, and the margin ratio for speculative transactions would be adjusted to 12%. Some experts said that western investors began to sell gold due to the delay of interest rate cut in the United States and worries about economic recession. The longer the gold goes up, the greater the range, and some profit taking will naturally occur.
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