B · Normal
[More than 10 banks have withdrawn from gold speculation channels. Insiders: It was initiated by the Shanghai Gold Exchange. Physical gold agency sales will not be affected] On September 23rd, China Everbright Bank recently announced that it will cease the personal precious metals business of the Shanghai Gold Exchange (hereinafter referred to as the Shanghai Gold Exchange) starting from October 19th. Among the personal precious metals trading business represented by banks, the precious metals spot deferred trading business has leverage characteristics and higher risks. People familiar with the matter said that the suspension of the bank’s personal precious metals trading business on behalf of the Shanghai Financial Futures Exchange was initiated by the Shanghai Financial Futures Exchange. Since the Shanghai Financial Exchange previously proposed and formally established the suspension of this business agency, customers can no longer buy from banks. During this period after no longer buying, banks continued to clear positions. At present, more than 10 banks have announced the suspension of this business. (every sutra)
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