银行突然出手！这是什么信号？

Core Viewpoint - The article discusses the recent announcement by Industrial and Commercial Bank of China (ICBC) to suspend certain gold accumulation services, indicating a shift in the bank's approach to gold investments amid rising volatility in gold prices [3][4][6]. Summary by Sections Announcement Details - ICBC will suspend the acceptance of applications for gold accumulation services starting November 3, 2025, including account openings, active accumulation, new fixed accumulation plans, and physical gold withdrawals [4]. Reasons for the Policy Change - The bank's decision is driven by two main factors: 1. Increased volatility in gold prices, which have fluctuated significantly from $3,200 to $4,300 per ounce and then down to $3,900 in a short period [8][10]. 2. A surge in demand for physical gold among investors, leading to concerns about potential gold runs due to limited physical gold reserves [13][15]. Market Implications - The restriction on physical gold purchases is seen as a measure to protect investors from significant losses due to high volatility and to prevent a potential gold run [12][15]. - Contrary to some opinions that this policy is bearish for gold prices, the article argues that limiting access to physical gold may actually indicate future scarcity, which could be bullish for gold prices in the long run [16][18][20]. Current Market Conditions - The current trading range for spot gold is between $3,950 and $4,040, with potential movements depending on whether it breaks above or below this range [23]. - The article advises caution in trading gold at this time, suggesting that it is not an optimal moment for significant investments [23]. Educational Offerings - The company plans to offer a course that will analyze gold price trends and other asset movements, providing insights into when to re-enter the gold market [24][26].