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Dow Jones Business News
Tocom Raises Gold Futures Daily Trading Limit To Y60
Sunday February 16, 9:10 pm ET


Sydney, Feb. 17 (Dow Jones) - The Tokyo Commodity Exchange Friday raised the daily trading limit on gold futures contracts to Y60 a gram from Y40/gram after the recent price volatility, a Tocom official told Dow Jones Newswires Monday.

The exchange raised the limit after gold futures fell by Y40/gram for two consecutive days within three consecutive months, said Ryoichi Seki, an executive at Tocom's international affairs section.

On Wednesday and Thursday, Tocom gold futures fell by Y40/gram respectively, as speculators liquidated their long positions after the spot gold price tumbled from a six-and-a-half year high of $388.90 a troy ounce reached Feb. 5.

After raising the trading limit, Tocom will meet Thursday to see if it will stick with Y60/gram or revert to using Y40/gram as the daily limit, Seki said.

"If the price doesn't move that much, we may decide to change it back to Y40/ gram, he said.

At 0135 GMT, all Tocom gold contracts were down Y44-Y51/gram, with the benchmark December contract down Y47/gram at Y1,332/gram.

Wong Chia Peck, Dow Jones Newswires; 612-8235-2957; chia-peck.wong@dowjones.com

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Nach der Comex nun auch die Tocom - So kann man den Goldpreisanstieg natürlich bremsen - da scheint wer mächtig Probleme zu haben.....

tofir

PS: Interessant auch der Spike der Lease Rates von Silber.