Thomson Reuters



LONDON, Nov 10 (Reuters) - Spot gold rallied by over 1
percent to hit an intraday peak above $1,410 an ounce on
Wednesday, a day after its most volatile trading session in six
months, while silver gained more than 4 percent.

Gold prices were bid at $1,408.05 an ounce by 0854
GMT, up by more than 1 percent on the day. Prices on Tuesday
rose by as much as 1 percent before falling nearly 2 percent in
their choppiest day of trade since mid-May this year.

Silver rose to session highs at $28.14, recovering after
falling by as much as 4.4 percent on Tuesday in its most
volatile day of trade since March 2009, according to Reuters
data.

The CME Group said on Tuesday it would raise margins on
silver futures to $6,500 an ounce from $5,000.

While margin changes are common in times of volatile trade,
the change comes just days after New York-based investors sued
JPMorgan Chase and HSBC for conspiring to drive
down the silver price. [ID:nN27259071]

(Reporting by Amanda Cooper; Editing by Alison Birrane)