Recently, due to multiple factors, gold prices have fluctuated significantly. The reporter found that many commercial banks have recently raised the starting point of subscription for gold accumulation business again, and many banks have issued announcements to remind investors to pay attention to investment risks.
A large state-owned bank issued an announcement stating that starting from April 23, when purchasing deposited funds products by amount or creating deposited fixed investment plans, the minimum purchase amount will be adjusted from 750 yuan to 850 yuan, and the additional purchase amount will remain unchanged for an integer multiple of 200 yuan. A joint-stock bank issued the "Announcement on Adjusting the Starting Point of Regular Investment in Personal Business of Gold Accumulation". The bank's regular investment in Personal Business of Gold Accumulation was adjusted from 700 yuan to 1,000 yuan based on a fixed amount, and the additional amount remained unchanged from 100 yuan. Overall, since March this year, the starting purchase threshold for deposited funds of many banks has remained between 750 yuan and 1,000 yuan.
Gold deposit business is a gold investment product launched by commercial banks for individual customers. Customers can purchase gold shares by opening a gold deposit account, which can be redeemed and cashed, or exchanged for physical gold.
Fan Ruoying, a researcher at the China Banking Institute, said that commercial banks raise the starting point for subscription of gold accumulation business, mainly due to the continued rise in gold prices, which leads to passively increasing the threshold for the amount corresponding to the minimum unit of 1 gram. Since the beginning of this year, both London cash and Shanghai gold prices have increased by more than 20%. Taking into account the need for risk prevention and control, banks have raised the threshold to screen investors with stronger risk tolerance and strengthened investor suitability management.
As gold prices rise rapidly, more and more banks may continuously raise the starting point of deposited funds to meet regulatory requirements. According to the "Interim Measures for the Management of Gold Accumulation Business", the minimum business unit for gold accumulation products is 1 gram. Wu Zewei, a special researcher at Sushang Bank, said that the accumulated gold business is flexible and convenient, and supports active accumulation and regular accumulation. Users can operate through mobile banking, online banking and other channels to exchange physical gold or sell it for cash at any time, which is favored by small investors.
Although accumulated gold has the advantage of low threshold, its essence is a financial product that is linked to the price of gold, and investors need to pay attention to related investment risks. Fan Ruoying said that due to multiple factors such as changes in the geopolitical situation, global central bank gold purchase behavior, Federal Reserve monetary policy, and financial market sentiment, the gold price trend is complex and changeable, with large short-term volatility. Investors need to clarify their own risk preferences and capital use and make reasonable allocations.
In the context of rapid rise in gold prices, the safe-haven attributes of gold are becoming increasingly strong, and some investors even use consumer loans to "buy gold with loans". Many industry insiders remind investors that the borrower fails to use the purpose agreed in the consumer loan contract, which may constitute a breach of contract. If the circumstances are serious, it may affect the credit report, and the bank will hold him liable for breach of contract.
Accumulated gold also faces the risk of gold price fluctuations. Therefore, investors must have the awareness of controlling risks and should not blindly invest huge amounts of concentrated investment. They must not only control the proportion of accumulated gold in the overall assets, but also choose the opportunity to intervene to avoid buying at the stage high point. Wu Zewei said that investors are advised to align gold with a long-term attitude and spread investment costs through fixed investment methods, and their share will be dynamically adjusted according to personal risk preferences. As a trend asset, gold is more suitable for allocation rather than trading. Moreover, gold itself has little correlation with stocks and bonds, and incorporating gold into the asset portfolio can well diversify risks and improve returns.
Looking forward, the momentum for gold prices to continue to rise is still strong. Fan Ruoying said that weakening of the US dollar's credit accelerates the global "de-dollarization" process, and global central banks continue to increase their holdings of gold. The market expects that the risk of a recession in the United States will increase. If the Federal Reserve starts to cut interest rates, the decline in real interest rates will also support the rise of gold prices. But it should be noted that even during the upward cycle, the price of gold still fluctuates greatly. A sharp rise in gold prices in the short term is likely to face pressure of a technical correction. Investors need to improve the allocation of relevant funds. First, we must clarify our own risk tolerance and investment goals, and formulate reasonable investment strategies. The second is to improve risk management awareness. Gold has the characteristics of long-term value preservation but large short-term fluctuations. Investors should fully understand the possible investment risks.
