Multiple banks warn of trading risks in the precious metals market

Recently, there has been an intensification of fluctuations in the prices of precious metals both domestically and internationally, prompting some banks to issue warnings regarding risks in the precious metals business. According to incomplete statistics, several banks including Construction Bank, Agricultural Bank, Bank of China, Ping An Bank, etc., have successively released announcements on the risks of trading in the precious metals market. Ming Ming, Chief Economist of CITIC Securities, stated that currently, the price of gold has reached near historical highs, but the future interest rate cut path of the Federal Reserve is still unclear. Commercial banks can first alert customers of business risks through business announcements to prevent irrational chasing of price increases; secondly, adjust margin levels in a timely manner to prevent excessive market fluctuations; furthermore, moderately adjust the level of restrictions on customers' risk tolerance, and consider suspending precious metals business during special periods if necessary. (Securities Daily)