金价高位波动能否持仓过节？业内提醒降杠杠防节后跳空

Core Viewpoint - The domestic gold market is experiencing high volatility ahead of the Chinese New Year, prompting banks to tighten gold-related business operations to mitigate risks associated with international market fluctuations during the holiday period [1][4]. Group 1: Market Conditions - As of February 12, the London gold price is reported at $5063 per ounce, while the Shanghai Gold Exchange AU9999 is at 1123 yuan per gram, with retail prices in major cities reaching up to 1556 yuan per gram [1]. - The gold market has seen significant fluctuations, with the London gold price peaking above $5600 per ounce at the end of January and then dropping below $4500 within a few days, indicating a volatility of over 20% [4]. Group 2: Bank Responses - Major banks, including China Construction Bank and Industrial Bank, have announced adjustments to their gold trading operations, such as increasing margin requirements and suspending physical buyback services [2][3]. - China Construction Bank has implemented dynamic trading limits for gold products and raised the minimum purchase amount for gold accumulation products from 950 yuan to 1200 yuan [3]. Group 3: Risk Management - Analysts warn that holding positions over the holiday could expose investors to "time difference risks," as the Shanghai Gold Exchange will be closed while international markets remain open [4]. - Banks are raising risk assessment requirements for gold investment, with some institutions only allowing clients with higher risk tolerance to engage in gold wallet transactions [3]. Group 4: Investment Strategies - Investors are advised to control their positions and avoid excessive leverage, especially during the holiday period, to mitigate potential losses from market volatility [7]. - For those considering gold as a long-term investment, a strategy of gradual buying and holding is recommended, with a suggested allocation of 5% to 10% of their asset portfolio [7].