事关黄金、白银，比例调整！

Core Points - The Shanghai Futures Exchange has announced adjustments to margin requirements and price limits for gold and silver futures contracts effective from October 21, 2025, with price limits set at 14% and margin requirements at 15% for hedging positions and 16% for general positions [2] - On October 17, the domestic precious metals futures market experienced a strong rally, with the main gold futures contract (AU2512) surpassing 1000 CNY per gram, reaching a historical high of 999.80 CNY per gram at market close [4] - The main silver futures contract (AG2512) peaked at 12366 CNY per kilogram on October 17, closing at 12249 CNY per kilogram, reflecting a 2.06% increase [5] Risk Management - The Shanghai Futures Exchange has issued a notice emphasizing the need for market participants to enhance risk management due to the recent volatility in international precious metal prices, urging investors to take precautionary measures [6] - Several banks, including Bank of China and Industrial and Commercial Bank of China, have raised the minimum purchase threshold for accumulated gold, highlighting the risks associated with price fluctuations in precious metals [7] - Newhu Futures has indicated that the influx of speculative funds has accelerated the rise in gold and silver prices, which are now in an overbought territory, suggesting potential for increased price volatility [7]