Zhong Guo Zheng Quan Bao·2025-10-25 14:35Core Viewpoint - The Bank of Communications announced a change in its precious metals wallet accumulation plan, linking the minimum investment amount to real-time gold prices starting from October 27, 9:30 AM, in response to market fluctuations [1][4]. Group 1: Changes in Accumulation Plan - The minimum investment amount for the precious metals wallet will now be at least equal to the real-time gold price, with increments required to be in multiples of 100 [1][2]. - For example, if the gold price is 923 CNY per gram, the minimum amount for the accumulation plan would be 1000 CNY, based on a trading increment of 100 CNY [2]. Group 2: Market Context - Gold prices have experienced significant volatility, with the London gold price closing at 4111.555 USD per ounce on October 24, despite a recent pullback from a peak on October 20 [4]. - Since late August, gold prices have risen sharply, with a cumulative increase of 24% compared to the closing price on August 19 [4]. Group 3: Industry Trends - Several banks, including ICBC, Bank of China, Ping An Bank, and Industrial Bank, have raised their minimum investment thresholds for gold accumulation plans in October [5][6]. - For instance, ICBC increased its minimum investment for the "Ruyi Gold" accumulation business from 850 CNY to 1000 CNY starting October 13 [6]. - The new floating pricing mechanism adopted by the Bank of Communications is seen as advantageous compared to the fixed amount model used by most banks, as it addresses the issue of delayed pricing adjustments during periods of significant gold price fluctuations [6].