Xinye Bank Raises Margin Ratio for Shanghai Gold Exchange Delayed Contracts to 120% Starting June 29

XAU0.99%
XAG1.56%
According to an announcement from Xinye Bank, the lender will raise the margin ratio for personal clients' delayed gold and silver contracts on the Shanghai Gold Exchange starting June 29 at market close. The margin ratio for AU(T+D), mAU(T+D), AU(T+N1), AU(T+N2), and AG(T+D) contracts will increase from 40% to 120%. Other gold investment products remain unaffected.
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