The gold declined exceeded 14 %. Investors wanted to copy the bottom, but encountered a number of banks "unplugged the network"

According to Xiaoxiang Morning Post, gold as a high -quality hedging tool, after the outbreak of the Russian and Ukraine conflict, the price of gold soared. After London's spot gold on March 8th and April 18th, it reached a high point of $ 2070/ounce and 1998 US dollars/ounces, but it opened the road of "falling endlessly". As of the reporter's draft, it fell over 14%.

Some investors had the idea of ​​copying the bottom, opened the precious metal trading business of the bank account, but found the notice of "suspending an account". Since the beginning of this year, many banks including CCB, ICBC, Huaxia, Xingye, Everbright, CITIC, and Ping An Bank have tightened precious metal trading business. On August 6, China Merchants Bank also issued a "Announcement on Adjusting Reasoning Accounts and other related businesses."

The listing price of full gold is 500 yuan/gram

Many media reports that recently well -known domestic jewelery wholesale retail gathering places in Shenzhen Waterbest Gold Purchase are hot. From the upstream of the golden board to the selection of jewelry, there are more than the same period last year.

Online physical gold transactions have also increased significantly. According to the data of Wanlian's bosses, in June this year, the turnover of the gold jewelry Tao platform was 5.439 billion yuan, an increase of 11%year -on -year.

On August 8, the reporter visited the Gold Jewelry counter at the mall that the price per gram of jewelery was between 500 yuan and 506 yuan. The investment fund ranges from 430 yuan/gram-460 yuan/gram. Consumers who are choosing gold jewelry at the counter said: "Last time it was before the Spring Festival. Recently, I heard that the price of gold has dropped a little, so I came to see if there was a favorite gold jewelry." And she felt the price of the counter jewelry gold and the price of the gold jewelry and the price of the gold jewelry and the price of the gold jewelry and the price of the gold and the price of gold. There is not much decrease, which is higher than during the Spring Festival.

Golden shop sales staff explained that the price of gold has not fallen in the past two days: "It may be that the price of gold has fallen compared to March and April. The recent listing price of the foot gold is about 500 yuan/gram, and it has not fallen Consumers who buy gold jewelry before and after have increased, but there are not many investments in buying gold bricks.

Industry insiders said that the price of jewelry gold and raw materials is large, and more aesthetic and decorative consumption. When you encounter better promotional preferential activities, or you can buy more favorite styles, you can buy it. Fluctuations.

According to data from the China Gold Association, in the first half of 2022, the consumption of gold jewelry declined significantly, and the sales of gold bars and gold coins in some large gold retailers and commercial banks remained increasing, especially in June, which showed a rapid recovery of gold consumption.

According to the World Gold Association, in the second half of 2022, global investors will face a relatively complex market environment and need to face multiple challenges such as interest rate hikes, high inflation and external risks. In the short term, gold prices may be affected by factors such as actual interest rates, the rhythm of the global central bank tightening monetary policy, and the effects of controlling inflation levels.

Many banks tighten valuable metal business

On August 6, China Merchants Bank announced that it would suspend personal paper precious metal trading business, personal two -way foreign exchange trading business, personal real paper gold paper and silver trading business, and "recruiting money" industry. The above -mentioned business holders and spot inventory customers please choose to close their own positions by October 17, 2022. Speaking of the reason, China Merchants Bank stated that in order to comply with changes in the market situation and better protect investors' rights.

Due to the recent fluctuations in the precious metal market, in order to protect investors' rights, most banks have adjusted related businesses, and also released signals that the current precious metal market risks are increasingly risky. Prior to this, Industrial and Commercial Bank of China and Construction Bank successively issued an announcement to adjust the precious metal trading business. All kinds of actions are revealed behind: the international commodity market is uncertain, and the risks of precious metal transactions have intensified.

On July 15th, ICBC has issued the "Notice on the suspension of account gold and the opening of the account of the account of the account of the account" on the official website stating that in order to follow the changes in the market situation, according to the "Industrial and Commercial Bank of China Account Account", "Industrial and Commercial Bank of China account precious metal metal metal "Trading Rules" and other related agreement, starting from 8:00 on August 15, 2022, Beijing time, our bank will suspend account gold and account business opening transactions. The liquidation transaction is not affected.

Considering that the international commodity market has a large uncertainty, for customers with a balance, ICBC recommends to control the scale of positions carefully and pay attention to preventing and controlling their own risks.

On July 18, the official website of China Construction Bank issued an announcement saying that starting from August 15, 2022 (Monday), Beijing time, it has suspended accounts for the purchase, conversion transactions and fixed investment plans of precious metal business in the account ; Paralysis of the two -way trading business of precious metal trading business in the two -way transaction of the precious metal trading business; the set of account gold, account silver, and account platinum fixed investment plan will be automatically terminated. Customers' corresponding positions, short positioning and valid commissioning orders before the transaction are not affected.

Link: Commercial banks will gradually withdraw from the agent's personal precious metal business

According to the 21st Century Economic Herald, the gradual withdrawal of commercial banks from the agent's personal precious metal business is an overall measure made in accordance with the requirements of the regulatory authorities. The overall idea of ​​clearing retirement is basically: suspend new customers -increase transaction threshold and risk assessment standards -suspension of new open positions -closing the qualified customer account with qualified campaign -compressing customer volume and transaction volume -a small amount of stock customers ——The completely suspend this business.

The basis for commercial banks to gradually retire such businesses is the "Guiding Opinions on Promoting the Dease Business Standard Development (Draft for Opinions)" jointly issued by the People's Bank of China on December 3, 2021 with the People's Bank of China. The "Opinions" clearly requires that the participating entities traded in specific trading venues to have a postponed posture contract with future delivery physical characteristics, as well as accounts such as accounting precious metals, commodities, foreign exchange categories and other accounts issued by financial institutions. Products are managed by this opinion.

"Opinions" particularly emphasized the protection of individual customers. Financial institutions should adhere to the principles of derivatives business mainly for non -individual investors, and strictly implement standard review of qualified investors. Bank insurance institutions shall not directly conduct derivatives transactions with individual customers through counter, and shall not provide enterprises with transaction services for non -set preservation. If other financial institutions really need to provide derivatives transaction services for individual customers, they should formulate more prudent participation requirements for individual customers.

Original title: Gold decline exceeded 14%, and many banks "unplugged the network"

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