After Gold & Oil Contract Chaos, CME Group Secures $7 Billion Credit Line "In Case Of Clearing Member Default"
May 1st 2020 8:55am EDT
After Gold & Oil Contract Chaos, CME Group Secures $7 Billion Credit Line “In Case Of Clearing Member Default” Something unusual is coming… First we had unprecedented dysfunction in the gold futures markets with dramatic paper and physical price divergences amid virus-inspired geographical shortages for deliverables. “I’ve never seen that before,” said one gold trader […]
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