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الاقتصادية
Chinese banks restrict personal gold trades
Some major Chinese banks, such as the Industrial and Commercial Bank of China, have ceased offering individual precious metals trading services, including spot contracts and deferred delivery contracts, following a decline in gold and silver prices and the easing of the prolonged upward wave that lasted for years. This move is part of risk management measures implemented by banks since 2022 to limit individual trading of these precious metals, now allowing investment only through pooled funds or tangible long-term products. Additionally, restrictions have been imposed on opening new positions and on liquidating existing ones. Recently, gold prices fell below four thousand dollars per ounce, after an all-time high approaching 5,600 dollars in January, driven by economic changes, concerns over inflation, and expectations of interest rate hikes.
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