Scope Prime announced an update to its spread structure for Spot Gold and Gold Futures today (Thursday). The firm said the change reflects a "sustained repricing" in precious metals markets.
The update comes as other market participants also adjust to record precious metals prices. Earlier this week, CME Group switched its margin system for gold, silver, platinum, and palladium futures from fixed dollar amounts to percentage-based requirements. The change is designed to automatically scale margins with price movements, reducing the need for frequent manual adjustments during periods of rapid market swings.
Broker-Level Gold Spreads Adjusted by Scope
The update primarily affects broker clients. Scope Prime operates as an institutional liquidity provider rather than a retail broker. Changes to spreads on spot gold and gold futures apply at the wholesale pricing level, with brokers receiving pricing under the revised structure.
Any further impact would depend on how brokers apply the updated pricing within their own services.
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The decision follows a shift in market conditions. Gold prices have reached record levels in recent months, and market volatility has increased. Scope Prime said these factors have changed the cost of providing liquidity in gold products.
The firm described the update as a response to changes in market structure, intended to keep trading conditions aligned with the institutional environment.
Scope Prime Ensures “Consistent Liquidity” Provision
All other contract specifications remain unchanged. Scope Prime said the revised spreads are designed to support execution certainty and continuous service during periods of market stress, building on earlier communications that focused on price stability and counterparty reliability.
Daniel Lawrance, Chief Executive Officer at Scope Prime, said gold pricing has shifted at a structural level. He said, “Gold has undergone a meaningful structural shift in price levels.”
He added that the update ensures pricing remains “consistent with current market conditions” and said this alignment is “essential to sustaining consistent, high-quality liquidity provision.”
Brokers Manage Pricing Amid Spread Changes
As a liquidity provider to brokers and professional counterparties, Scope Prime supplies pricing and execution at the wholesale level. Brokers may choose how to manage the revised pricing, including passing it on to clients, absorbing the impact, or adjusting mark-ups based on internal models.
Scope Prime said it continues to invest in risk management and liquidity resilience. The firm did not announce changes to other instruments as part of the update.