面对黄金价格从历史性暴涨到历史性暴跌，银行的风险提示和风控手段调整频率明显提高。 2月2日，黄金白银延续跌势，国际黄金现货价格一度跌至4403.64美元/盎司，日内最大跌幅超过9%；国 际白银现货价格最低触及71.33美元/盎司，日内最大跌幅接近15%。 同日，工商银行再度发布《关于加强防范贵金属市场价格波动风险的提示》称，近期国际贵金属市场波 动率显著增加，引发价格快速变化，风险进—步显现，提醒客户在审慎评估自身风险承受能力的基础 上，保持理性投资心态，避免盲目追涨杀跌。"建议从中长期视角考虑，坚持分批分散、适度均衡的原 则进行投资配置。请密切关注市场行情变化，合理控制持仓规模，有效防范市场波动风险。"工商银行 提示称。此前，1月29日，工商银行也曾发布类似风险提示。 农业银行也在2日发布公告称，近期国内外贵金属市场价格波动剧烈，不确定性因素显著增强。特别提 示各位客户审慎评估自身风险承受能力，综合考虑自身财务状况开展贵金属交易业务，保持理性投资心 态。请各位客户密切关注行情变化，合理控制持仓规模，有效防范市场波动风险。 此外，工商银行称，若2月2日Ag（T+D）合约出现单边市情况，则自收盘清算时起，该行代 ...

风控加码。 除了风险提示，多家银行依据上海黄金交易所最新通知，宣布调整黄金、白银延期合约涨跌幅限制，上 调相关合约保证金比例。 工商银行2日发布公告称，根据金交所当天《关于调整白银延期合约保证金水平和涨跌停板的通知》以 及该行风控要求，自2月2日（星期一）收盘清算时起，该行代理个人客户Ag（T+D）合约的标准交易 保证金比例由60%调整为66%，差异化保证金作同向、同幅度调整。 此前1月27日，工商银行就对个人客户金交所黄金、白银延期合约的交易保证金比例进行了同步上调。 当日公告显示，鉴于近期贵金属市场风险显著增加，根据相关风控要求，自1月28日（星期三）收盘清 算时起，该行代理个人客户Au（T+D）、mAu（T+D）、Au（T+N1）、Au（T+N2）、NYAuTN06、 NYAuTN12等合约的标准交易保证金比例由43%调整为60%，差异化保证金作同向、同幅度调整；该行 代理个人客户Ag（T+D）合约的标准交易保证金比例由47%调整为60%，差异化保证金作同向、同幅度 调整。 此外，工商银行称，若2月2日Ag（T+D）合约出现单边市情况，则自收盘清算时起，该行代理法人客 户Ag（T+D）合约的标准交易保证 ...

Group 1 - Significant fluctuations in international gold prices were reported, influenced by the nomination of Kevin Walsh as the next Federal Reserve Chairman, which triggered a drop in the precious metals market [6] - A citizen invested approximately 200 grams of gold, spending around 200,000 yuan, following news of declining gold prices [6] Group 2 - Xiaomi's January 2026 delivery volume exceeded 39,000 vehicles, reflecting a more than 20% month-over-month decline, attributed to the discontinuation of the first-generation SU7 model and a shift in production focus to new models [7] - The average selling price of the iPhone surpassed $1,011 in Q4 2025, while the combined average prices of four major Android manufacturers (OPPO, Samsung, vivo, Xiaomi) totaled $895, indicating a significant price gap [8]

北京商报讯（记者 孟凡霞 周义力）1月30日，中国银行发布《关于贵金属价格波动做好市场风险防范的 提示》称，2026年以来，贵金属市场的不确定性因素较多，价格大幅波动。为保护积存金、积利金、账 户贵金属等贵金属相关业务的客户利益，中国银行特别提示各位客户做好市场风险防范，基于自身财务 状况和风险承受能力开展贵金属交易活动，合理控制贵金属持仓规模，防范贵金属价格波动带来的资金 损失风险。 ...

中国银行发布关于贵金属价格波动做好市场风险防范的提示。2026年以来，贵金属市场的不确定性因素 较多，价格大幅波动。为保护积存金、积利金、账户贵金属等贵金属相关业务的客户利益，我行在此特 别提示各位客户做好市场风险防范，基于自身财务状况和风险承受能力开展贵金属交易活动，合理控制 贵金属持仓规模，防范贵金属价格波动带来的资金损失风险。 ...

Core Viewpoint - Silver prices have surged significantly, with a year-to-date increase of over 30%, reaching a historical high of $99.36 per ounce on January 23 [8][11]. Group 1: Silver Price Trends - The price of silver has increased by more than 30% since the beginning of the year, with a notable rise in demand for physical silver products from banks [1][7]. - The London silver inventory has dropped to a 10-year low, indicating a tightening supply situation [6][8]. - The World Silver Association projects global silver supply to be 32,100 tons and demand to be 35,700 tons by 2025, with industrial silver accounting for 60% of total demand [1][6]. Group 2: Bank Product Availability - Many banks, including Industrial and Agricultural Banks, have reported shortages of silver products such as commemorative coins and jewelry due to high demand [2][5]. - Specific products like the "Chinese Dragon Silver Commemorative Coin" have sold out, with sales reaching 27,000 units [2][5]. - Other banks, such as Bank of China and CITIC Bank, still have sufficient inventory of silver products [6]. Group 3: Market Outlook - Financial institutions maintain a positive outlook on the silver market, with expectations of continued upward pressure on prices due to industrial demand and investment interest [18]. - Predictions suggest that silver prices may test the $100 per ounce mark in the short term, with a potential long-term price increase driven by industrial demand [18][19]. - Analysts from Huatai Futures indicate that the silver-gold ratio is likely to fluctuate within a range of 40-80, suggesting a volatile market ahead [18]. Group 4: Risk Management and Regulatory Changes - Banks have begun to tighten their risk management protocols for precious metals investments, raising entry thresholds and issuing market risk warnings [19][20]. - Recent adjustments include increasing margin requirements for silver trading and raising the risk rating for personal accumulation gold products [19][20]. Group 5: Consumer Behavior - Consumers are increasingly purchasing silver products not only for investment but also for their aesthetic appeal, as evidenced by social media shares of silver collectibles [6]. - The rising silver prices have prompted consumers to act quickly in acquiring silver products, reflecting a growing interest in precious metals as a hedge against inflation [1][7].

Core Viewpoint - The Shanghai Futures Exchange has issued a notice regarding the recent volatility in the precious metals market due to complex international circumstances, urging relevant parties to take appropriate measures for risk prevention and to maintain market stability [1] Group 1 - The notice highlights the complexity and variability of the current international situation impacting the precious metals market [1] - It emphasizes the need for investors to adopt rational investment strategies and to be aware of potential risks [1] - The exchange calls for collective efforts to ensure the smooth operation of the market [1]

Core Viewpoint - The Shanghai Futures Exchange has announced adjustments to the margin ratios and price fluctuation limits for gold and silver futures contracts, effective from October 21, 2025, in response to market conditions [1][3]. Group 1: Margin and Price Fluctuation Adjustments - The price fluctuation limit for gold and silver futures contracts will be adjusted to 14%, with the margin ratio for hedged positions set at 15% and for general positions at 16% [3][4]. - Current standards for gold are a price fluctuation limit of 12% and a margin ratio of 13% for hedged positions, while for silver, the limits are 12% and 14% respectively [4]. Group 2: Market Performance and Risk Management - On October 17, the domestic precious metals futures market experienced a strong upward trend, with the main gold futures contract reaching a historical high of 999.80 yuan per gram [5]. - The main silver futures contract peaked at 12,366 yuan per kilogram, closing at 12,249 yuan per kilogram with a 2.06% increase [7]. - The rapid increase in gold prices has raised risk alerts, prompting the Shanghai Futures Exchange and the Shanghai Gold Exchange to issue notifications urging market participants to enhance risk management and investor awareness [7].

Core Viewpoint - The article highlights the recent surge in gold prices, which have reached a historical high of over $4200 per ounce, marking a nearly 60% increase this year. In response to the volatility in precious metal prices, the Shanghai Gold Exchange has issued a notification for risk control in the market [1][3]. Group 1: Market Conditions - Gold prices have experienced significant fluctuations, with the Shanghai Gold Exchange noting the need for heightened risk awareness among its members due to the instability in international precious metal prices [3]. - Major banks, including Industrial and Commercial Bank of China and China Construction Bank, have issued warnings regarding the increased volatility in precious metal prices, advising investors to consider their financial situation and risk tolerance when investing [3][4]. Group 2: Risk Management Recommendations - The Shanghai Gold Exchange has urged its members to enhance risk prevention measures and maintain emergency response plans to ensure market stability [3]. - The Industrial and Commercial Bank of China has recommended that investors diversify their investments in gold to avoid heavy concentration in a single asset, suggesting methods like dollar-cost averaging for gold investments [4]. - Starting from October 15, Bank of China has increased the minimum purchase amount for its gold savings products from 850 yuan to 950 yuan, indicating a tightening of investment conditions in response to market volatility [6].

Core Viewpoint - Several banks in China, including China Construction Bank and Industrial and Commercial Bank, have announced adjustments to their personal precious metals trading businesses due to increased market volatility and risks, aiming to protect investors' rights and prevent market risks [1][2][4]. Group 1: Bank Announcements - China Construction Bank and Industrial and Commercial Bank have issued announcements regarding the suspension of buying and conversion transactions for gold and silver in personal accounts starting August 15, 2022 [2][3]. - Other banks such as Huaxia Bank, Industrial Bank, Everbright Bank, CITIC Bank, and Ping An Bank have also tightened their personal precious metals trading businesses this year [1][3][4]. Group 2: Market Conditions - International gold prices peaked in March 2022 and have since declined, fluctuating around $1,700 per ounce by July, marking a near ten-month low [2]. - The Shanghai Gold Exchange has warned of significant market risks due to global commodity price volatility, urging members to enhance risk awareness and control [2][4]. Group 3: Expert Analysis - Industry experts suggest that the tightening of personal precious metals trading by banks is primarily to mitigate potential risks and protect investors' rights [5]. - Adjustments in trading policies may lead to increased transaction costs for some clients and are seen as a temporary measure in response to market conditions, with the possibility of reopening services when the market stabilizes [5].