Multiple Chinese Banks Raise Precious Metals Margin Requirements on June 22

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According to Jin10, on June 22, multiple Chinese banks including Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China raised margin requirements for precious metals futures contracts. ICBC raised gold margin from 100% to 140% and silver from 99.96% to 119.91%, while BOC adjusted gold margin from 99.9% to 120%, effective from June 24. The moves follow recent volatility in international precious metals markets, with single-day swings exceeding $100.
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