China Banks Tighten Gold Risk Controls Amid Price Swings
China's six largest banks raise gold margin requirements to 120% amid extreme price volatility, signaling a systemic shift in risk management.
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China's six largest banks raise gold margin requirements to 120% amid extreme price volatility, signaling a systemic shift in risk management.
Gold prices plunged below $4,300/oz, returning to end-2025 levels, as strong US jobs data and global tightening expectations outweigh geopolitical risks.
China's forex reserves rose to $3.442 trillion in May, while the central bank added gold for a 19th consecutive month at an accelerating pace.
ECB reports gold has overtaken US Treasuries as the largest global official reserve asset, marking a historic shift in central bank reserves.
Gold prices fell 20% from highs, prompting Chinese banks to offer fee waivers, extended trading hours, and promotions for gold accumulation products.