Chinese Banks Raise Precious Metals Leverage Margins to 140% Effective June 22

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According to official statements, Huaxia Bank, Guangfa Bank, and Bank of China have adjusted margin requirements for individual precious metals delayed contracts traded on the Shanghai Gold Exchange. Huaxia Bank raised margins for all gold and silver products to 120%, while Guangfa Bank increased margins to 140%. Both adjustments take effect as of the market close on June 22.
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