Multiple banks collectively tighten their individual precious metal trading business as agents of Shanghai Gold Exchange.

Recently, the international precious metals market has been experiencing severe fluctuations. In order to prevent potential risks and protect the interests of investors, domestic commercial banks are accelerating the tightening of the Shanghai Gold Exchange's individual precious metals trading business. On June 27, Industrial Bank announced an increase in the margin ratio for individual precious metals forward contracts. According to Securities Times reporters, since June, several banks have announced adjustments to the rules for their individual precious metals trading businesses on behalf of the Shanghai Gold Exchange. Construction Bank and Industrial and Commercial Bank have explicitly stated that they will close this business. Insiders point out that this move by banks is both a timely response to recent fluctuations in gold prices and in line with regulatory trends in recent years to regulate the derivatives business of individual investors; however, "closing leveraged gold trading" does not mean "not buying gold." Gold, as a long-term asset allocation target, still has diverse investment channels available.