金价逼近前高 银行出清存量贵金属杠杆类业务

Core Viewpoint - Recent adjustments in the banking sector have led to a tightening of precious metals business, coinciding with a near return of international gold prices to previous highs, indicating a shift in risk management strategies by banks [2][5]. Group 1: Price Movements - London gold spot prices reached a high of $4,350 per ounce, just shy of the historical peak of $4,381 per ounce [2]. - Silver prices have surged, with recent highs reaching $66.8 per ounce, reflecting a year-to-date increase of 128% [5]. - Platinum futures on NYMEX surpassed $1,995 per ounce, with a year-to-date increase of 118%, significantly outpacing gold's growth [5]. Group 2: Banking Adjustments - Banks are increasingly tightening their management of personal precious metals accounts, including the termination of agency relationships for long-standing inactive accounts [2][3]. - Major banks, including Industrial and Commercial Bank of China and China Construction Bank, have announced plans to transfer balances from inactive accounts and close related business functionalities [3]. - The adjustments are part of a broader trend that began in March 2020, following the "oil treasure" incident, leading to a gradual withdrawal from high-risk leveraged products [5]. Group 3: Risk Management - Banks are enhancing risk management measures for precious metals investments, including raising risk ratings for accumulation gold products to medium risk and restricting conservative clients from participation [4]. - The tightening measures include limiting new account openings and increasing the minimum investment amounts for existing clients [6]. - Regulatory scrutiny over commodity and precious metals trading products is expected to intensify, reflecting a cautious approach by banks in response to market volatility [5].