Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, China Merchants Bank, China Minsheng Bank, issue risk warnings

In recent times, multiple banks, including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, and China Merchants Bank, have issued risk warning announcements for the precious metals market. The announcements state that current precious metals prices are fluctuating sharply, market uncertainty has increased significantly, customers are advised to enhance their risk prevention awareness, invest rationally based on their own financial conditions and risk tolerance, and reasonably control their positions.

On March 20, Industrial and Commercial Bank of China released “A Reminder on Doing a Good Job in Risk Prevention and Control in the Precious Metals Market”:

Affected by the complex evolution of global macroeconomic conditions and geopolitical developments, volatility in precious metals markets at home and abroad has intensified. To protect your assets and ensure investment stability, our bank hereby issues this reminder:

Please be sure to maintain a calm and rational investment mindset, fully assess your own risk tolerance, and avoid blindly chasing rising prices or selling in panic driven by short-term market sentiment. From the perspective of long-term asset allocation, we recommend that you adhere to the principles of “total amount control, phased entry, and diversified allocation.” By extending the investment horizon to smooth the risk of period-by-period volatility, you can build a more resilient asset portfolio.

On March 23, China Construction Bank released “An Announcement on Risk Warnings for the Precious Metals Business Market Recently”:

In recent days, the volatility in precious metals prices domestically and internationally has further intensified, and market risks have increased significantly. When investing in our bank’s precious metals business, please enhance your risk prevention awareness for the precious metals business, invest rationally and steadily based on your own financial situation and risk tolerance, allocate precious metals in a balanced and appropriate manner, reasonably control your position size, and avoid blindly following the trend or conducting speculative transactions. At the same time, please promptly monitor your holdings and changes in the margin balance to guard against risks in the precious metals market.

Agricultural Bank of China stated in its announcement that, recently, volatility in precious metals prices domestically and internationally has been intense, and uncertainty factors have increased significantly, with market risk rising. In particular, we remind customers to fully and prudently assess their own risk tolerance, comprehensively consider their financial situation, and carry out precious metals trading business in a steady manner while maintaining a rational investment mindset. We ask all customers to closely follow changes in market conditions, reasonably control the size of their positions, and effectively prevent risks arising from market volatility.

Bank of China stated in its announcement that, recently, global geopolitical risk has intensified, and under the influence of multiple factors, volatility in precious metals prices domestically and internationally has further increased. To protect the interests of customers engaging in precious-metals-related businesses such as stored value gold, profit-earning gold, and precious metals in accounts, our bank particularly reminds customers to do a good job in preventing market risks, carry out rational investments based on their own financial conditions and risk tolerance, reasonably control their precious metals positions, and reduce the impact of period-by-period price fluctuations through long-term investment, thereby preventing the risk of capital losses brought about by market fluctuations.

China Merchants Bank released “A Notice on Risk Warnings for the Precious Metals Business Market Recently”:

In recent times, there are many factors of uncertainty in the precious metals market, and price volatility has intensified. Please enhance your risk prevention awareness for precious metals business, and based on your own financial situation, risk tolerance, and investment experience, rationally conduct precious metals investment activities. Reasonably control the size of your precious metals asset holdings, avoid short-term speculation or trend-following trades, and from the perspective of long-term asset allocation, rationally allocate precious metals assets, control the total amount of investment, and do a good job with diversified allocation.

Minsheng Bank stated in an announcement that, recently, there have been many factors affecting market instability. Precious metals prices have been volatile, and investors are advised to pay attention to market risks and improve their risk prevention awareness. Based on your financial situation and risk tolerance, reasonably control your position, and invest rationally.

On March 23, international gold prices fell sharply, and multiple key levels were subsequently broken. Among them, London gold at one point fell below the $4,100 per ounce mark, with a drop of more than 8.7%. As of the time of this press release, spot gold is up slightly during the day, at $4,561.940 per ounce.

According to CCTV Finance, Tian Lihui, a professor of finance at Nankai University, said that current volatility in the precious metals market has gone beyond the scope of normal pullbacks, entering an abnormal phase characterized by high intensity and high uncertainty. Ordinary investors are more suitable to make long-term allocations through unleveraged methods such as stored value gold and gold ETFs.

A vast amount of information, precise interpretation—available on the Sina Finance app