多家交易所发布通知，提示做好市场风险控制。 3月2日，多家交易所发布关于做好市场风险控制工作的通知或风险提示函。 通知称，近期中东局势复杂多变，市场波动较大，请各有关单位采取 相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 关于做好市场风险控制工作的通知 发布日期： 2026-03-02 上期发〔2026〕80号 各有关单位: 近期中东局势复杂多变，市场波动较大，请各有关单位采取相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 特此通知。 近期中东局势复杂多变，市场波动较大，请各有关单位采取相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 特此通知。 上海国际能源交易中心 2026年3月2日 首页 \ 关于交易所 \ 交易所动态 \ 公告通知 来源：办公室 发布日期:2026-03-02 郑商函〔2026〕205号 上海期货交易所 2026年3月2日 关于做好市场风险控制工作的通知 发布日期: 2026-03-02 上能发〔2026〕16号 各有关单位: 各会员单位: 近期影响市场的不确定性因素较多，请各会员单位切实加强投资者教育和风险防范工 ...

有投资者3年前卖房买入百万黄金。 近日，黄金市场的剧烈波动，持续牵动着每一位投资者的神经。伦敦金现在1月底触及阶段性高点后出 现大幅回调，随后转入持续震荡。 在这轮罕见的大起大落中，市场参与者的行动也呈现出显著的分化：一边是部分机构与个人果断高位套 现，另一边是仍有大量投资者紧握黄金资产坚定看涨。 当波动渐成常态，投资者的心态正经历怎样的变化？面对日益复杂且情绪化的黄金市场，他们如何形成 认知、作出决策，并承担随之而来的结果？第一财经记者深度对话了多位投入重金的投资者，记录下他 们的真实轨迹与心路历程。 套现、坚守、深陷 2023年下半年到2024年初，阿诚大量阅读了海内外关于逆全球化、美元信用和黄金的观点。一种认知逐 渐清晰：黄金在当前这个大周期和新秩序下或许有特殊作用。 基于这样的逻辑，2024年5月，当金价站上550元时，他开始大仓位买入黄金。此后的几个月里，他持续 买入，最终将大部分仓位的成本锁定在550到570元之间。 2025年1月，阿诚开设了名为"阿诚要悄悄变富"的社交媒体账号，分享自己的投资思考，目前粉丝已超5 万。公开记录也伴随着新的操作。当年1至2月，金价已升至650到700元区间，他再次 ...

Core Viewpoint - The gold market is experiencing significant volatility, leading to diverse strategies among investors, with some cashing out while others remain bullish on gold assets [1][2]. Group 1: Market Volatility - Gold prices have fluctuated dramatically, reaching a peak of $5,598 per ounce on January 29, 2025, before experiencing a sharp decline, including a 9.25% drop the following day and a further 4.52% drop on February 2, 2025, eventually dipping below $4,402 [2]. - Since August 2025, gold prices have seen a cumulative increase of nearly 50% [2]. Group 2: Investor Strategies - Investors are adopting varied strategies in response to market conditions: some are liquidating their positions, while others are holding onto their investments [2][6]. - A notable investor, referred to as A Cheng, adjusted his portfolio by reducing holdings in gold and silver ETFs while retaining some physical gold, having initially invested in gold after selling a property in 2023 [2][3]. - Another investor, Li Yun, has been purchasing gold bars for his children since 2020, and despite some profit-taking, he remains optimistic about gold's long-term value [3][6]. Group 3: Performance Outcomes - Long-term holders of gold have generally seen substantial profits, with A Cheng reporting an overall return of nearly 80% and profits exceeding 600,000 yuan [6]. - Conversely, investors engaging in short-term trading or using leverage, such as Qian Qian, have faced significant losses, including a complete loss of initial capital and subsequent debt accumulation [7]. Group 4: Future Market Outlook - A Cheng maintains a positive long-term outlook for gold, suggesting it can provide a 6% to 8% return, although he notes that the appeal of new opportunities has diminished [8]. - Li Yun believes there is still room for gold price increases but is cautious about adding to his position at current high levels [9]. - Analysts predict that while short-term fluctuations may occur, the long-term upward trend for gold remains intact, supported by geopolitical tensions and ongoing shifts in global monetary policy [10].

"补仓！补仓！还是补仓！"近日，京东金融平台博主"黄金蛋炒饭"的"金友圈"被这几个字刷屏。 屏幕上刺目的绿色数字（亏损）成了这一轮黄金暴跌中，高位 入场个人投资者的写照。随着黄金市场震荡风险增加，有的银 行发布风险提示，有的银行早已悄然提高黄金积存金的准入门 槛。 作者：刘颖 封图：图虫创意 2026年2月2日下午，伦敦现货黄金价格跌破4500美元/盎司，国内积存金价格同步下探，他在京 东金融平台上果断以1016.27元/克买入近200克黄金积存金。这已是自今年1月29日金价创新高 以来，他的第12次补仓。 1月29日早盘，伦敦现货黄金价格冲破5500美元/盎司历史峰值，国内黄金积存金市场瞬间沸腾， 投资者入市热情高涨。然而，狂欢仅持续不到24小时。当日深夜，伦敦现货黄金价格半小时内暴 跌逾7%，突如其来的跳水让市场猝不及防。 但在京东金融"金友圈"里，不少投资者并未恐慌，反而将此次下跌视作难得的"上车机会"，博 主"黄金蛋炒饭"便是其中之一。1月29日23时，他果断出手，分别以1225.27元/克、1195.06 元/克、1160元/克的价格购入黄金积存金共计超250克，开启了本轮黄金震荡行情中的补仓之 路 ...

"补仓！补仓！还是补仓！"近日，京东金融平台博主"黄金蛋炒饭"的"金友圈"被这几个字刷屏。 2026年2月2日下午，伦敦现货黄金价格跌破4500美元/盎司，国内积存金价格同步下探，他在京东金融 平台上果断以1016.27元/克买入近200克黄金积存金。这已是自今年1月29日金价创新高以来，他的第12 次补仓。 建设银行也发布了关于调整个人黄金积存业务定期积存起点金额的公告，自2月2日9:10起，该行个人黄 金积存业务定期积存起点金额(包括日均积存及自选日积存)上调至1500元。 不过，跌势并未止步。1月30日至1月31日凌晨，伦敦现货黄金价格再次跳水，跌至4710美元/盎司。市 场恐慌情绪开始出现，这一轮下跌也让博主"黄金蛋炒饭"陷入犹豫。1月31日晚，他谨慎完成两次买入 操作，节奏明显放缓。直至2月2日的再度抄底，他的持仓成本均价从最初的1200元/克上方摊薄至 920.05元/克。 谈及12次补仓操作，他感慨地说："心理防线一破再破，只能逢低加仓，不要妄想抄底。" 选择补仓的投资者还有"买在高点"的单彤。1月29日，金价冲高时，她受朋友圈赚钱热潮影响，盲目跟 风冲入市场，在1237元—1248元/克的高位 ...

1月29日早间，黄金价格再度刷新历史高点，现货黄金首次突破5500美元/盎司关口。 近两年间，银行积存金的起存金额也随着金价"水涨船高"，普遍从最初的500元至600元上升至千元以 上。 1月28日，浙商银行发布公告，上调该行财富金积存产品每月累计定投起点金额（包括按月、按周、按 日定投），由1200元上调至1300元（每月按20个定投日、4个定投周计算），且按月定投每期不得低于 1300元，按周定投每期不得低于325元，按日定投每期不得低于65元。更早的1月15日，宁波银行也曾发 布公告上调黄金积存金的起购金额，由1000元调整为1200元。 除了不断上调的起存金额，银行积存金的风险门槛也在不断加码。 1月26日，农业银行发布公告称，为落实监管要求，进一步保护金融消费者权益，将自1月30日起对个人 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。而据此前报道，1月12日，工商银行已开始 上调个人客户积存金业务风险测评等级准入要求，建行等多家机构更是早已将该项业务投资准入的风险 等级升至R3及以上。 《国际金融报》记者注意到，与金价一同上涨的还有银行积存金业务的起存金额和风险门槛。另外，宁 波银行于近日下 ...

Core Viewpoint - The recent surge in gold prices, reaching a historical high of $4643 per ounce, has led to increased investor interest in gold accumulation products offered by banks, which are seen as accessible and flexible investment options [1] Group 1: Market Trends - From January 2 to January 14, 2026, the London spot gold price increased by 7.35% [1] - Banks are responding to the rising demand for gold accumulation products by lowering fees while simultaneously raising minimum investment thresholds and enhancing risk warnings [1][5] Group 2: Business Strategies - Banks are marketing gold accumulation products as "pain-free gold saving," promoting low entry barriers to attract individual investors [3] - Some banks, like Jiangsu Bank, have launched promotional campaigns encouraging customers to convert small expenditures into gold investments [3] - Various banks are offering temporary fee discounts to lower the cost of entry for investors, such as Industrial and Commercial Bank of China (ICBC) waiving fees for purchases made between January 1 and March 31, 2026 [3] Group 3: Risk Management - Banks are tightening risk management measures in response to the volatility in gold prices, transitioning gold accumulation products from general savings alternatives to medium-risk investment products [5] - ICBC has raised the minimum investment amount for its gold accumulation products from 1000 yuan to 1100 yuan as of January 8, 2026 [5][6] - Risk assessment requirements for investors have been increased, with banks like ICBC requiring a minimum risk rating of C3 (balanced) for new accounts and investments [6][7] Group 4: Investor Suitability - The increase in risk assessment levels aims to ensure that only investors with appropriate risk awareness and capacity can participate, thereby protecting them from potential losses during price fluctuations [7] - The dual strategy of raising entry barriers while offering fee discounts is designed to attract qualified investors and enhance market share, reflecting a balanced approach to risk management and business growth [7]

Core Insights - The rising gold prices have sparked a surge in demand for bank safe deposit boxes, leading to a situation where they are in high demand but low supply [1][4][12] - Many banks in Beijing report that all safe deposit boxes are currently rented out, with waiting lists exceeding 100 customers at some locations [2][10] - The demand for safe deposit boxes is driven by increased interest in gold investments, as geopolitical risks continue to elevate the appeal of gold as a safe-haven asset [4][12] Demand and Supply Dynamics - The demand for safe deposit boxes has significantly increased, with banks reporting a notable rise in inquiries since last year [4][12] - Banks are struggling to keep up with the demand, as the supply of safe deposit boxes has not increased in tandem, leading to a shortage [6][15] - Some banks have ceased offering safe deposit box services altogether due to high maintenance costs and low profitability [15][16] Pricing and Features - Different banks offer various sizes and pricing structures for safe deposit boxes, with significant variations in rental fees [3][11] - For example, at China Merchants Bank, the smallest box has a monthly rental fee of 50 yuan, while larger boxes can cost up to 42,000 yuan annually [11] - Postal Savings Bank offers a fully automated safe deposit box with advanced security features, including 24-hour monitoring and multiple verification methods for access [5][13] Market Trends - The ongoing geopolitical tensions and expectations of continued low interest rates are expected to sustain the demand for gold and, consequently, safe deposit boxes [4][12] - Investors are increasingly looking for secure storage options for their gold investments, as concerns about home security grow [4][12] - Some banks are innovating their services, such as offering promotional deals for customers purchasing gold products, to attract more clients [16]

Core Viewpoint - The surge in gold prices has led to a significant increase in demand for bank safe deposit boxes, resulting in a shortage of available boxes in Beijing banks [1][4]. Group 1: Demand for Safe Deposit Boxes - There is a booming demand for safe deposit boxes as residents are increasingly investing in gold, with reports indicating that many banks are fully booked and customers are facing long waiting lists [1][2]. - Some banks have reported waiting lists exceeding 100 people, with estimates suggesting that new customers may not be able to rent boxes until 2026 [2][4]. Group 2: Supply Constraints - The supply of safe deposit boxes has not kept pace with the rising demand, as only larger bank branches typically offer this service, and many smaller branches do not have safe deposit box facilities [1][6]. - Factors such as space limitations and high maintenance costs have prevented banks from expanding their safe deposit box offerings, leading to a decline in the availability of this service [6]. Group 3: Pricing and Variability - Different banks offer various sizes and pricing structures for safe deposit boxes, with significant differences in rental fees based on box dimensions [3][4]. - For example, at China Merchants Bank, the smallest box has a monthly rental fee of 50 yuan, while larger boxes can cost up to 42,000 yuan annually [3]. Group 4: Investor Sentiment and Alternatives - Investors express concerns about the safety of storing physical gold at home, leading many to prefer bank safe deposit boxes for their perceived security [5]. - Some investors are considering alternatives such as home safes due to the high rental costs and long wait times associated with bank safe deposit boxes [7]. Group 5: Innovations and Promotions - To address the supply-demand imbalance, some banks are exploring smart upgrades and promotional offers to attract customers, such as free rental periods for new clients purchasing gold products [7]. - For instance, Qingdao Rural Commercial Bank has offered promotional incentives for customers purchasing gold products, including free usage of safe deposit boxes for a limited time [7].

Core Insights - The rising gold prices have led to increased demand for bank safe deposit boxes, resulting in a shortage of available boxes in Beijing [1][3] - Many banks are experiencing a significant influx of customers seeking to rent safe deposit boxes, with some reporting waiting lists of over 100 people [1][3] - The supply of safe deposit boxes has not kept pace with the growing demand, leading to a situation where many banks are fully booked [1][4] Summary by Category Demand for Safe Deposit Boxes - Residents are increasingly interested in gold investments, prompting a surge in demand for safe deposit boxes for secure storage [3][4] - Bank staff have noted a marked increase in inquiries about safe deposit box rentals since last year [3][4] - Customers express concerns about storing physical gold at home due to security risks, further driving the demand for bank storage solutions [3][4] Supply Constraints - Many banks, particularly smaller branches, do not have safe deposit boxes available, and customers are often directed to larger branches where they may face long wait times [1][4] - The limited availability of safe deposit boxes is exacerbated by banks' reluctance to expand their facilities due to high costs and space constraints [4][5] - Some banks have ceased offering safe deposit box services altogether, citing low profitability and high maintenance costs [5] Pricing and Features - Rental prices for safe deposit boxes vary significantly across banks, with some offering lower-cost traditional boxes and others providing more expensive automated options [2][4] - For example, Beijing Bank charges 800 yuan per month for a specific automated box, while other banks have a wide range of pricing based on box size and features [2] - Banks are exploring innovative solutions, such as smart upgrades and promotional offers, to attract customers and alleviate supply issues [6]