The bank banned gold trading several times.

There is no specific data showing the total number of times. The last time was in 2020, precious metal family assets flourished, and the international prices of gold, silver, palladium and platinum hit record highs, pushing the prices of related assets up sharply.

1. Recently, some banks issued a notice to suspend the open trading of all platinum, palladium and precious metal index products in their accounts. On July 28th, a customer of China Agricultural Bank received a short message, saying that the trading service of platinum and palladium varieties of the customer would stop at 8 am.

2. August, 2020 10 Beijing time will not affect the closing of positions of customers. Previously, China Industrial and Commercial Bank, China Bank, Minsheng Bank and Bank of Communications also issued similar notices.

3. Some customers of ICBC also indicated that they recently received a text message saying that the bank would suspend the open trading of all platinum, palladium and precious metal index products in its account from July 3, 20201Beijing time.

1. International platinum and palladium prices fluctuate frequently and violently:

(1) In order to protect the rights and interests of customers, according to Item 6 of Article 3 of the Precious Metals Trading Agreement, the Bank suspended the platinum and palladium trading in this account; According to Item 7, Article 3 of the Index Products Trading Agreement, the precious metal index trading of the account is suspended. Please arrange the transaction according to the location and control the risk.

First of all, we see that precious metals all over the world are in a state of crazy rise. Due to the large-scale rise of precious metals, the whole market has actually fallen into a crazy state. On the one hand, we admit that this is a lot of risk aversion caused by the world economic crisis, and the Fed's crazy printing of money will inevitably directly lead to quantitative easing monetary policy.

(3) In dollar terms, the rise of commodity prices is not necessarily the actual rise of this commodity price, but the depreciation of the dollar has further aggravated the rise of this commodity price. In addition, for a long time, everyone regarded gold as safe gold, so when the world economic crisis happened, everyone subconsciously wanted to protect their assets by buying gold.

2. The prices of major precious metals in the world have also started to rise:

In fact, in this case, the risk of the whole market will increase rapidly. Once the market is in a very high risk state, it will inevitably bring about large-scale problems in the whole market, which can not help but remind people of the ups and downs of the whole crude oil market at the beginning of this year. Secondly, affected by the crude oil treasure crisis of China Bank, in fact, major commercial banks have more confidence in products with relatively stable transactions. However, when encountering this active market variety, there may be a rapid risk amplification and a lasting feeling. For major commercial banks, the best way at present is to avoid the invisible amplification of their own risks as much as possible.