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CME Group · Gold · Margin Hikes · Silver
Gold and silver prices dipped on Wednesday as investors booked profits following a historic annual rally, while exchange operator CME Group hiked margins on precious metal futures for the second time in a week.
Spot gold prices fell 0.1% to $4,339.89 per ounce, marking a one-week low. Spot silver prices tumbled 5.6% to $72.15 per ounce, paring gains after briefly climbing above $80 earlier in the week.
These declines conclude a blockbuster year for precious metals. Gold is up more than 64% year-to-date, on track for its best annual performance since 1979, supported by U.S. interest rate cuts, tariff tensions, and robust demand from exchange-traded funds and central banks.
Silver has significantly outpaced gold in 2025, poised for nearly 150% annual gains, also its best since 1979. Silver's boom stemmed from low supply, high demand from India, industrial needs, and tariffs.
CME Group announced Tuesday that margins for gold, silver, platinum, and palladium would increase again after Wednesday's close, citing "normal review of market volatility to ensure adequate collateral coverage." This is the second margin requirement increase by CME Group within a week, which previously caused sharp falls in futures prices on Monday.
