Group 1 - International precious metals closed mixed, with COMEX gold futures rising 0.43% to $4013.7 per ounce, while COMEX silver futures fell 0.52% to $47.91 per ounce [1] - Gold prices are hovering around the $4000 per ounce mark as traders assess the impact of China's cancellation of the VAT deduction policy for gold retail [1] - BullionVault's research director noted that the tax adjustment in a major gold-consuming country will weaken market confidence, although a rebound in the London market indicates that bullish sentiment remains strong [1] Group 2 - The Shenzhen Shui Bei gold market experienced a sudden price surge, with gold prices increasing by over 50 yuan per gram in a single day [4] - Chow Tai Fook Jewelry announced price increases for some products starting November 3 due to rising costs from gold-related tax policies [4] - Industry analysts suggest that the combination of high international gold prices and adjustments in tax burdens indicates a transitional period for the industry, with financial institutions halting gold accumulation-related businesses to avoid irrational market entry [4]

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) has resumed accepting applications for various gold accumulation services after a brief suspension, indicating a response to market conditions and regulatory adjustments in the gold sector [1] Group 1: Company Actions - ICBC has announced the resumption of services related to the "Ruyi Gold Accumulation" business, including account openings, active accumulation, new fixed accumulation plans, and physical gold withdrawal applications [1] - The bank had previously issued a notice to suspend these services, reflecting a cautious approach to market fluctuations [1] Group 2: Industry Context - Other banks, such as China Construction Bank and Minsheng Bank, have also announced suspensions or adjustments to their gold accumulation services, indicating a broader trend within the banking sector [1] - Industry analysts suggest that the combination of high international gold prices and adjustments in gold tax policies has led to a transitional period for the industry, prompting banks to pause certain services to prevent irrational market entry [1] - The potential for banks to optimize product design and upgrade risk warning mechanisms for gold accumulation products is also highlighted as a strategic response to current market conditions [1]

Core Viewpoint - The banking sector is currently experiencing a transitional period due to fluctuations in international gold prices and adjustments in gold tax policies, leading to temporary suspensions of certain gold-related services by major banks [1]. Group 1: Bank Actions - Industrial and Commercial Bank of China (ICBC) has resumed accepting applications for various gold accumulation services after a brief suspension [1]. - China Construction Bank announced a suspension of its Easy Gold services, while Minsheng Bank has adjusted the trading hours for its gold accumulation services [1]. Group 2: Market Analysis - Industry experts suggest that the temporary suspension of related services is aimed at preventing irrational market entry and will likely be lifted once market volatility stabilizes [1]. - Banks may also be optimizing product designs and upgrading risk warning mechanisms for gold accumulation products during this transitional phase [1].

Core Viewpoint - Banks are temporarily suspending related businesses to avoid irrational market entry, with plans to resume once market volatility stabilizes [1] Group 1: Bank Actions - Industrial and Commercial Bank of China has announced the resumption of services related to the "Ruyi Jin" accumulation business, including account openings and withdrawals [1] - China Construction Bank and Minsheng Bank have also announced the suspension of certain accumulation gold services [1] Group 2: Market Analysis - Industry experts suggest that the combination of high international gold prices and adjustments in gold tax policies has led to a transitional period for the industry [1] - The suspension of related services by banks is seen as a measure to prevent irrational market entry and may involve optimizing product design and upgrading risk warning mechanisms [1]