CME Group Inc. (CME)
, the world’s largest futures market, raised the margins on gold contracts by 22 percent after prices surged to a record on increased haven demand amid a deepening rout in global equities.
The initial-margin requirement, or the minimum amount of cash that speculators must keep on deposit, will rise to $7,425 per contract from $6,075 from the close of business today, CME said in a statement
. The margin for hedging will also increase 22 percent, rising to $5,500 from $4,500, it said.