国有大行，密集提示！事关贵金属业务

Core Viewpoint - The article discusses the recent significant decline in international gold futures, with a drop of 2.7% on March 26 and a cumulative decline of over 16% in March, prompting banks in China to issue risk warnings regarding precious metals trading [1]. Group 1: Market Response - Major Chinese banks, including state-owned and joint-stock banks, have issued announcements to investors about the heightened market risks associated with precious metals due to recent volatility [1]. - Banks are advising clients to carefully assess their risk tolerance and financial situation before engaging in precious metals trading, emphasizing a rational investment approach [1]. - Several banks are adjusting their trading rules for precious metals, with measures such as limiting the purchase of accumulated gold and increasing transaction costs for short-term trades [1]. Group 2: Specific Bank Adjustments - China Merchants Bank has adjusted the trading spread for gold accounts to 5 yuan per gram, with an increase of 2 yuan per gram on the buying side, effective until June 27 [2]. - Jiangsu Bank will implement a new pricing structure for gold accumulation services starting January 1, 2026, with a base fee of 1.5 yuan per gram, and promotional rates for specific periods [2]. Group 3: Future Outlook - Multiple institutions remain optimistic about the long-term strategic value of gold, despite the current market being in a "wait-and-see" mode due to a lack of significant macroeconomic data [3]. - CITIC Securities' macro team indicates that the long-term bullish logic for gold remains intact, although short-term fluctuations are expected until liquidity shocks subside [4]. - The report suggests that the current market dynamics are influenced by geopolitical tensions, particularly in the Middle East, which could affect gold prices in the near term [4].