According to a report by Jinshi Data on July 23, the recent fluctuations in precious metal prices at home and abroad have intensified, and some banks have issued warnings about the risks in precious metal business. China Construction Bank, Agricultural Bank of China, Bank of China, Ping An Bank and many other banks have successively issued announcements on warnings about the risks of precious metal market transactions.
Mingming, chief economist of CITIC Securities, said that the current gold price is close to its historical high, but the Fed's subsequent interest rate cut path is still unclear. Commercial banks can warn of risks through business announcements to prevent customers from irrationally chasing prices; adjust margin levels in a timely manner to prevent excessive market fluctuations; appropriately adjust customer risk tolerance limits, and consider suspending precious metal business during special periods.