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Chinese Banks Move to Rein in Retail Gold Trading on Volatility

Chinese Banks Move to Rein in Retail Gold Trading on Volatility
Bloomberg Markets Thursday 25 June 2026, 07:04 UTC By Charlie Zhu, Amanda Wang 1 min read
Key Points

Chinese Banks Move to Rein in Retail Gold Trading on Volatility Some major Chinese banks are shutting down services that aid retail trading in precious metals, after a multiyear rally in gold and silver went into reverse in recent months. Industrial & Commercial Bank of China Ltd., the nation’s biggest by assets, said it’ll stop offering intermediary services for individuals to trade precious metals on the Shanghai Gold Exchange after settlement on July 24.

Chinese Banks Move to Rein in Retail Gold Trading on Volatility Some major Chinese banks are shutting down services that aid retail trading in precious metals, after a multiyear rally in gold and silver went into reverse in recent months. Industrial & Commercial Bank of China Ltd., the nation’s biggest by assets, said it’ll stop offering intermediary services for individuals to trade precious metals on the Shanghai Gold Exchange after settlement on July 24. Existing clients are advised to sell or close their positions before then, it said in a statement on Wednesday.
Chinese Banks Move to (ORG) Chinese (ORG) Industrial & Commercial Bank of China Ltd. (ORG) the Shanghai Gold Exchange (ORG)
Originally published by Bloomberg Markets Read original →

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