近期国际国内金价出现大幅震荡，工商银行、农业银行、中国银行、建设银行、交通银行等多家国有大 行，陆续调整积存金等贵金属相关业务规则，并同步发布市场风险提示，强化投资者风险管控要求。 工商银行：多维度调整积存金规则，叠加客户准入门槛 2月1日，工商银行发布风险提示，指出当前国内外贵金属价格波动剧烈、市场不确定性攀升，建议投资 者结合自身风险承受能力理性投资，秉持中长期配置思路，遵循分批分散、适度均衡原则，严控持仓规 模以规避波动风险。 业务规则方面，工行自1月8日起将积存金起购金额由1000元上调至1100元；1月12日起，仅允许C3平衡 型及以上个人客户办理积存金业务。1月30日该行进一步公告，自2月7日起，在周末及法定节假日等非 上海黄金交易所交易日，对如意金积存业务实施全量/单一客户单日积存赎回上限、单笔交易上限等动 态限额管理，实物黄金提取不受该限制影响。 建设银行：上调定期积存起投门槛 1月30日，建设银行发布公告，自2月2日9:10起，个人黄金积存业务中，日均积存、自选日积存两类定 期积存模式的起点金额统一上调至1500元，后续银行将根据市场行情动态调整该标准。 1月26日农行公告，自1月30日起， ...

感谢您的理解与支持！如有疑问可咨询中国农业银行各营业网点或拨打客户服务热线95599。 二、已签约客户的卖出、提货，有效期内定投计划的执行和终止，以及解约等操作，不受上述条件的限 制。 三、建议您提高风险防范意识，基于自身财务状况和风险承受能力理性办理存金通黄金积存业务。 2026年1月26日，中国农业银行（601288）发布公告称，为落实监管要求，进一步保护金融消费者权 益，中国农业银行将对个人客户参与存金通黄金积存交易增加风险承受能力测评准入。具体如下： 一、自2026年1月30日起，个人客户办理存金通黄金积存业务（包括存金通1号、2号）签约、买入、定 投3类业务时，需在业务申请办理渠道，按中国农业银行统一的风险测评问卷进行风险承受能力评估、 取得谨慎型及以上的评估结果，已有前述评估结果且在有效期内的无需重测。 ...

Core Viewpoint - The article discusses the significant fluctuations in gold prices, prompting several banks to adjust their gold accumulation investment thresholds from fixed to floating mechanisms to better align with market dynamics [2][3]. Group 1: Market Dynamics - Gold prices have entered a high-frequency oscillation phase, with a maximum fluctuation of nearly $500 per ounce, ranging from a high of $4381.11 to a low of $3886.3 within a short period [2]. - The shift to a floating mechanism allows investors to set accumulation amounts that are at least equal to the current gold price, providing more flexibility in investment decisions [3][4]. Group 2: Bank Adjustments - Several banks, including the Bank of Communications and Agricultural Bank of China, have implemented floating pricing mechanisms for gold accumulation plans, allowing for adjustments based on real-time gold prices [3][4]. - Other banks, such as Ping An Bank and Industrial and Commercial Bank of China, have raised their minimum investment amounts for gold accumulation products, reflecting the increased volatility in gold prices [5][6]. Group 3: Global Gold Demand - The World Gold Council reported that global gold demand reached a record high of 1313 tons in Q3 2024, a 5% year-on-year increase, with total demand exceeding $100 billion for the first time [7]. - Investment demand surged over 100% year-on-year to 364 tons, driven by increased interest in gold ETFs, while gold bar and coin demand decreased by 9% [7][8]. - Central bank gold purchases remained strong at 186 tons, maintaining the total for the year at 694 tons, consistent with the previous year [7][9]. Group 4: Supply and Market Outlook - Global gold supply increased by 5%, with mine production rising by 6% to 989.8 tons and recycled gold up by 11% to 323 tons [9]. - The outlook for the gold market remains optimistic due to factors such as a weakening dollar, expectations of interest rate cuts, and persistent stagflation risks, which may further support gold investment demand [9].

Core Insights - The international gold price has been experiencing significant fluctuations at high levels, leading commercial banks to adjust their precious metal business strategies, particularly by optimizing the investment thresholds for gold accumulation products [1][4] - Several banks have raised the minimum investment amounts for gold accumulation products, with the Bank of Communications implementing a floating adjustment mechanism linked to real-time gold prices [2][4] Summary by Category Market Trends - The current high volatility in gold prices has prompted banks to adapt their strategies to enhance service precision and risk management capabilities [1][3] - More financial institutions are expected to follow suit in adjusting their investment thresholds to provide investors with more flexible options that align with market changes [1][3] Bank Adjustments - The Bank of Communications announced that starting from October 27, 2025, its gold accumulation plan will have a minimum investment amount that fluctuates with real-time gold prices, requiring the investment to be at least equal to the current gold price [2] - Other banks, including Industrial and Commercial Bank of China, Bank of China, and Ping An Bank, have also raised their minimum investment amounts for gold accumulation products in October [4] Regulatory Compliance and Risk Management - The floating mechanism linked to real-time gold prices helps avoid frequent manual adjustments and aligns with regulatory requirements, ensuring compliance while managing risks effectively [3] - Banks are also focusing on investor education by issuing risk alerts to enhance awareness and encourage prudent investment behavior [5][6]

Core Viewpoint - The recent adjustments by multiple banks in China to their gold accumulation plans reflect a response to the volatile gold market, with banks shifting to a pricing mechanism linked to real-time gold prices to better align with market fluctuations [5][10]. Group 1: Bank Adjustments - Bank of Communications announced that starting from October 27, 2025, the starting amount for its "Gold Wallet" accumulation plan will no longer be fixed but will instead fluctuate with gold prices, requiring the set amount to be at least equal to the real-time gold price [1][2]. - Agricultural Bank of China has also adjusted its gold accumulation plan to a floating pricing model, effective from September, to comply with regulatory requirements and enhance customer convenience [4]. - Several banks, including Industrial and Commercial Bank of China and China Bank, have raised their minimum investment thresholds for gold accumulation plans in October, indicating a trend among banks to increase entry barriers [6][7][8]. Group 2: Market Dynamics - The recent surge in gold prices is attributed to three main factors: the inverse relationship between gold prices and real interest rates, rising geopolitical tensions increasing demand for gold as a safe-haven asset, and central banks in emerging markets increasing their gold reserves [10]. - Analysts suggest that the floating pricing mechanism adopted by banks helps avoid delays in adjusting entry thresholds during periods of significant price volatility, thus providing a more responsive investment environment [8][9]. Group 3: Investor Guidance - Financial institutions have issued risk warnings to investors regarding the heightened volatility in precious metal prices, urging them to assess their risk tolerance and manage their investment positions carefully [9]. - Experts recommend that investors focus on long-term strategies for gold accumulation, emphasizing the importance of gradual investment rather than attempting to capitalize on short-term price movements [11].

Core Insights - International gold prices have surpassed $4,200 per ounce, marking the strongest surge in nearly 46 years, prompting domestic banks in China to enhance risk control measures for gold investment [1][2] - Major Chinese banks, including Bank of China, Industrial and Commercial Bank of China, Ningbo Bank, and Industrial Bank, have raised the minimum investment amounts for gold accumulation products, with thresholds generally exceeding 1,000 yuan [1] Group 1: Bank Adjustments - Industrial and Commercial Bank of China increased the minimum investment for its gold accumulation business from 850 yuan to 1,000 yuan, the highest among state-owned banks [1] - Bank of China raised its minimum purchase amount from 850 yuan to 950 yuan, maintaining a flexible additional purchase amount of 200 yuan [1] - Both Ningbo Bank and Industrial Bank have set their minimum investment at 1,000 yuan, with Industrial Bank indicating potential future adjustments due to international macroeconomic and geopolitical factors [1] Group 2: Market Dynamics - This is not the first adjustment of the year; for instance, the minimum investment for Industrial and Commercial Bank's gold accumulation has increased by 53.8% from 650 yuan at the beginning of the year [2] - The gold market is characterized by high volatility and significant price increases, with international gold prices rising over 57% since 2025, the best performance since 1979 [2] - Domestic gold prices have also surged, with notable increases in retail prices for gold jewelry, such as Chow Tai Fook and Lao Feng Xiang [2] Group 3: Risk Factors - The recent surge in gold prices has been accompanied by significant fluctuations, with international gold prices experiencing a rise of over $300 within ten days and daily volatility exceeding 2% [2] - The Shanghai Gold Exchange has issued risk warnings twice in October, advising investors to trade rationally due to the heightened market risks [2]

Core Viewpoint - The price of gold has surged approximately 55% this year, driven by expectations of interest rate cuts from the Federal Reserve, global central bank gold purchases, and increased holdings in gold ETFs, prompting several banks to adjust their gold accumulation business [1] Group 1: Bank Adjustments to Gold Accumulation Business - On October 14, Bank of China announced an increase in the minimum purchase amount for its gold accumulation products from 850 yuan to 950 yuan, effective October 15, 2025 [2] - On October 11, Industrial and Commercial Bank of China raised the minimum investment amount for its gold accumulation business from 850 yuan to 1000 yuan, while maintaining the minimum weight accumulation at 1 gram [2] - Ningbo Bank announced on October 9 that it would increase the minimum purchase amount for its gold accumulation business from 900 yuan to 1000 yuan, effective October 11, 2025 [4] - Agricultural Bank of China has adjusted its gold accumulation product's minimum purchase point to fluctuate with gold prices, marking its third adjustment this year [4][5] Group 2: Reasons for Adjustments - Banks are raising the minimum purchase thresholds primarily due to compliance requirements to ensure the minimum amount covers the real-time price of 1 gram of gold and to control risks by reducing speculative behavior [4][5] - The recent volatility in domestic gold prices has prompted these adjustments, with industry insiders expecting more banks to follow suit [5] Group 3: Historical Adjustments - Throughout 2023, several banks have repeatedly raised the minimum purchase amounts for their gold accumulation products, with Industrial and Commercial Bank of China increasing its minimum investment from 650 yuan to 1000 yuan in several steps [7][9] - Ningbo Bank also raised its minimum purchase amount from 700 yuan to 800 yuan earlier this year [8] Group 4: Market Adjustments and Risk Management - On September 24, Agricultural Bank of China announced adjustments to the trading limits for gold contracts, increasing the price fluctuation limits for various gold and silver contracts [6] - Banks are also enhancing risk management measures, with China Construction Bank and other institutions advising investors to be cautious due to increased market volatility [10]