Core Viewpoint - The international precious metals market continues its strong performance post-Spring Festival, with London spot gold reaching $5,205.472 per ounce on February 26, 2023, following a series of rebounds [1] Group 1: Market Trends - The prices of international precious metals are experiencing sustained high volatility, attracting increased personal investment interest [1] - The recent price movements indicate a robust demand for gold, as evidenced by the significant price levels achieved [1] Group 2: Regulatory Actions - Industrial and Agricultural Banks have announced an increase in the margin ratio for personal precious metals deferred business from 80% to 100% [1] - This adjustment in margin requirements effectively reduces the leverage level in trading, promoting more rational investment behavior among clients [1] - The change means that a contract valued at 1 million yuan, which previously required 800,000 yuan in margin (approximately 1.25 times leverage), now requires the full 1 million yuan (1 time leverage) [1] Group 3: Risk Management - The increase in margin requirements is a proactive measure by financial institutions to mitigate potential risks during a period of historical high prices and increased market volatility [1] - This action aligns with the implementation of investor suitability management practices [1]