Mei Ri Jing Ji Xin Wen·2025-10-26 01:20Core Viewpoint - The Bank of Communications announced an adjustment to its precious metals wallet accumulation plan, linking the minimum investment amount to real-time gold prices, effective from October 27, 9:30 AM [1][4]. Group 1: Changes in Investment Thresholds - The minimum investment amount for the Bank of Communications' accumulation plan will now be greater than or equal to the real-time gold price, with increments required in multiples of 100 [1][3]. - Other banks, including Industrial and Commercial Bank of China, Bank of China, and Ping An Bank, have also raised their minimum investment thresholds for gold accumulation products in October [4][5]. - For instance, ICBC increased its minimum investment from 850 yuan to 1000 yuan, while Bank of China raised it from 850 yuan to 950 yuan [5]. Group 2: Market Dynamics and Investor Behavior - There has been a significant increase in inquiries and trading activity in gold accumulation products, particularly as international gold prices show strong momentum [8]. - The shift in customer asset allocation is attributed to the low yields of traditional financial products and time deposits, making gold accumulation an attractive option due to its clear investment threshold and direct linkage to physical gold [8]. - Experts indicate that banks are upgrading their risk management for gold accumulation businesses due to increased gold price volatility and regulatory requirements [8]. Group 3: Gold Price Trends and Market Sentiment - Gold prices have surged over 50% this year, leading to increased volatility and a rise in the risk of margin calls, prompting banks to raise minimum investment amounts and margin requirements [8]. - Analysts predict that gold prices are likely to experience high-level fluctuations in the short term, with underlying support from global central bank purchases and expectations of monetary easing [9]. - The current market is characterized by a crowded long position in gold, with profit-taking contributing to short-term volatility, while long-term upward trends remain intact due to ongoing global uncertainties [9].