Group 1 - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for certain contracts, effective from the close of trading on February 9, 2026 [2] - The margin ratio for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 contracts will increase from 17% to 18%, while the price fluctuation limit will change from 16% to 17% [2] - The margin ratio for Ag (T+D) contracts will rise from 23% to 24%, with the price fluctuation limit adjusting from 22% to 23% [2] Group 2 - In the event of a one-sided market on February 9, if the adjusted margin and price fluctuation levels exceed the stated standards, the higher standards will be applied [3] - Members are advised to enhance risk awareness and develop detailed risk emergency plans, encouraging investors to manage risks effectively and maintain rational investment practices to ensure market stability [4]

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to margin levels and price fluctuation limits for certain contracts, effective from February 9, 2026, to enhance risk management and market stability [1] Group 1: Margin Adjustments - The margin ratio for contracts Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 will increase from 17% to 18% [1] - The margin ratio for the Ag (T+D) contract will rise from 23% to 24% [1] Group 2: Price Fluctuation Limits - The price fluctuation limit for the aforementioned gold contracts will change from 16% to 17% [1] - The price fluctuation limit for the Ag (T+D) contract will be adjusted from 22% to 23% [1] Group 3: Risk Management Recommendations - The Shanghai Gold Exchange urges its members to enhance risk awareness and prepare detailed risk response plans [1] - Investors are advised to manage their positions wisely and invest rationally to ensure the stable and healthy operation of the market [1]

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to margin levels and price fluctuation limits for several gold and silver contracts, effective from September 5, 2025, indicating a proactive approach to risk management in the market [2] Group 1: Margin Adjustments - The margin level for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 contracts will increase from 13% to 14% [2] - The margin level for Ag (T+D) contracts will increase from 16% to 17% [2] Group 2: Price Fluctuation Limits - The price fluctuation limit for gold contracts will change from 12% to 13% starting the next trading day after the margin adjustment [2] - The price fluctuation limit for silver contracts will change from 15% to 16% starting the next trading day after the margin adjustment [2] Group 3: Risk Management Advisory - The Shanghai Gold Exchange has urged its members to enhance risk awareness and develop detailed risk emergency plans [2] - Investors are advised to manage their positions rationally and invest wisely to ensure the stability and healthy operation of the market [2]